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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

Newport Beach and Hermosa

My favorite picture of the entire trip. 

The clouds are stuck. 

We are BACK!


So wish we could come more often. 


The deck I couldn't sit on for days because it was so cold!
Eerie. 

Joe and I flew into John Wayne a couple of weeks ago and since I got back I feel as if I have been playing catch up. Sage is graduating from middle school in a couple of days and Ava from elementary school too. It's been one practice, concert and work related event after another. You know how live is: nothing and then everything.


I wanted to share some of the photos from our trip. We had a blast even though it was rainy and cold most of the time. The sun and warmth came out for our friends wedding and the last day I was able to sit on the deck and catch some rays. Happy we missed the oil spill in Santa Barbara that has led down to Manhattan Beach. I would suggest anyone who hasn't been out to So-Cal to go. It's a beautiful place filled with succulents, roses, and pretty awesome folks.

This is what Sage wants to see for her 16th birthday. 


Outside our house.

Eat Chow: Best Place in Newport Beach to EAT!

It was nice enough to wear my bathing suit and I did: Everywhere. Sorry.

The groom and my hubby. 

Hermosa Beach from the Pier. 

Hope you have a great weekend. Heading to the lake for the first time. Getting ready to take my PSI for the real estate exam on Tuesday. Scared. 



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