Skip to main content

Featured

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

Pork Pine and Peanut Festival 2015















Some of great friends from Milwaukee visited over the weekend and we decided to take them over to the Pork Pine and Peanut Festival this year. I've never been. The water version of the festival is much different than the land version. Douglas didn't make it with us but we did have a cutie pie named Maria who joined us. My back was hurt badly and I was on a float all day. Boating can be a bit dangerous; hitting ferry wake smashed my tailbone. Feeling better today but now my allergies are messed up. Hoping for a better tomorrow. Enjoy the photos.



Comments

  1. Aw I hope you're feeling better now! It sounds like a fun time with friends!!

    ReplyDelete

Post a Comment

Comments Make the World Go Round