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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

Halloween was COLD!

My guy was in California this weekend for the Breeder's Cup with work buddies and I was home with the girls. We had a nice Halloween although when the kids start getting older, they start to disperse and leave you as the parent, lonely. :(
  I was left home alone to hand out candy. That didn't last long though. I'm not a fan of being alone on a Friday night. So I grab my Leinenkugel's Orange Shandy, put the candy on the doorstep and took off on the golf cart to see what the neighborhood was up to. 

I stopped by mom's and hung out for a bit. Then moved along to my neighbor's where we turned on Christmas music and really scared some people. After rounding up the troops after eight, they counted their candy and I went off to a neighborhood party. Douglas went to the football game and came home around eleven. She looked very pretty dressed as a flapper. 


 All had a nice, nice night but it was CHILLY!!

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