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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

See Gatlinburg: Free River Shots


Since we travel a lot, we know we have to save every little penny somewhere in order to see and do everything we want to when out and about. This spot is a favorite of mine right past the bypass sign after going through the city of Gatlinburg. It's a small pull off that you will pass quickly if you are not looking for it. Don't worry if you pass it, just turn around. 

You walk a couple of steps past your car down a small hill and you are brought to a beautiful creek with a bridge that crosses to the other side. Be careful the rocks are slippery. Best part: It is free and you get really nice shots to share with your friends and family on your blog, twitter, facebook and instagram





I am working on getting more of the photos from our latest trip together. Douglas is at a yearbook camp on the University of Richmond's campus until Thursday and she has the waterproof camera with the fun water shots on it. 

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