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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

Little Bits of the Past

Cleaning out my desk today and found these! A ton of old memory cards-AMAZING!! How awesome it is to look back on some of the photos I took when we first moved to Williamsburg and get to reminisce about the adventures we had when we first got here. 

Ava's First Day of School Attending Matthew Whaley

Ava's oldest friend Cameron in the pink and yes, that is Sage!

Ava in the waves at Virginia Beach

Extremelly blonde hair moment at Virginia Beach.
A bit later with my try on brown hair moment. 
The girls in the yard on Yorkshire in Williamsburg. This was our rental house and it was amazing!





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