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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

Wood Accent Walls That Sell

When I normally think of wood walls in homes, I think of wood paneling. Well, today we have a bit more style than paneling did in the 70's. (We think so until we look back and think, what were we thinking... but that is a thought for another day.)

Take a look and tell me if you wouldn't mind seeing these accent walls in your new home? 






If you like my ideas, feel free to follow my Get Your Home Sold Album on Pinterest. 

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