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Why is an Appraisal Important When Buying or Selling a Home?

One the biggest components in buying a home when a lender is involved includes an appraisal. If you buy a home with cash and sometimes with a conventional loan, you can bypass this step. With an FHA loan and an VA loan, you cannot.  What is an appraisal?  In simple terms and Appraisal is a valuation of property.  An appraisal ordered for the purchase of a home is to determine if the price agreed upon by seller and buyer is acceptable by the lending institution. If an appraisal comes in low, the lender will likely decline to fund the deal. Unless the buyer is willing to come to the contracted price the deal to purchase can fall apart.  So what happens if the Appraisal come in Low? Sometimes a buyer will pay over the appraised value in order to buy the home. Sometimes the seller will lower the contracted price to the appraised value in order for the deal to continue. Sometimes the deal falls apart.  Loan types will determine what you can do as a buyer to get past the low appraisal. A con

Four Casseroles You Have To Pin Today

While I was at the river this past weekend soaking up the sun, I pulled a Southern Living from my in-law's back bedroom to read while I was looking over the river views. Although I am NOT ready for winter, this January Issue was loaded with yummy casseroles I believe are more than ready to be devoured too.  Hope you enjoy looking at them as much I did. Mmmmm....

Loaded Chicken Bacon Pot Pie

The City and The Country Mac and Cheese

Sausage, Pepper and Grits Casserole
Chicken Enchilada Casserole

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