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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

Thought of the Day: Less is More


The older I get the less I want. I mean how many pairs of shoes can one have? Or belts, or purses, or skirts, or jeans, or dresses. It makes life junky if you ask me. You see so many minimalist bloggers that say they don't want much but then parade around taking photos of all their new things.

To me this is pretty hypocritical. This is why you don't see many outfit posts here. I just don't buy a lot of clothes, totes, earrings, bangles, shoes, etc. I have a small closet and I think this has been the best thing in the world for me to deal with. I wear a couple of items and then they wear out. Then I buy something new. 

To me saving has become very important and it makes me richer is more than one sense.

What are you takes on this? Love to hear? 

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