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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

Visit Hawksnest Bay Cottage: St. John

Winter is winding up in these parts of the USA so what does that mean for us? Looking for a warm hideaway! I am so excited to share this cottage with you. It is beachfront (which I absolutely adore), has a perfect blue and white kitchen for you to either cook in or watch someone else do it and it's on one of the most beautiful islands owned by the USA. 

Hawksnest Bay Cottage on St. John is located 2.5 miles from Cruz Bay inside the USVI National Park. Take the ferry over from St. Thomas and put your cold shoulders at ease. 



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