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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

Happy National Middle Child Day Sage









You know the middle child does sometimes get the short end of the stick. Squished between two kids that want to have their say and let you hear about it, the oldest and the youngest are normally pretty loud. The middle one sits back and mediates. Well, today is my middle babe's day and I think she is pretty special. She witty as all get out. She has the best figure, right? (I prayed when I was pregnant with her she would never have to worry about her weight.) Has the best hair. Loves to be good and rarely gives her day and I problems. She also has a resemblance to Angelina Jolie and Reese Witherspoon so how can that be wrong?

Happy #nationalmiddlechildday Sage!

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