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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

Ava Fisher Breaststroke 2015



We were at Collegiate in Richmond this weekend for Ava's swim meet. Breaststroke is her favorite stroke. With a NT (not time) we didn't really know what to expect but she came in 2nd... yes 2nd overall. We are super happy. She came in 7th overall in backstroke and 11th in freestyle.



Such fun to go to and what an amazing facility. We are proud parents today! Tired though... swimmer parents and kids get used to getting up at 5 a.m. It was an early morning but we did get to eat lunch at Steak N Shake on the way home.



I'm not a videographer and the music might get on your nerves.. Turn it off. So exciting though!



Leigh Ann

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