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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

SOLD! Villages Of Westminster, Williamsburg: A Great Family Oriented Neighborhood!



The Villages of Westminster is a quiet community nestled in James City County within the colonial heart of Virginia. Outside the beautifully landscaped villages, residents can enjoy shopping, entertainment, college sporting events and rich national history. With convenient access to I-64, Westminster is the ideal neighborhood for those who would like to live in Williamsburg but commute to other areas of Hampton Roads or Richmond.

This house at 6288 St. Johns Wood is For Sale now! I will be here on Sunday from 1-3 holding an Open House! Please come by and check it out! 

Listed at $299,950 with almost 2500 square feet. This house features 3 Bedrooms, 2 1/2 bath and a total of 8 rooms! 







I actually sold this home to friends of mine. They closed August 4th! 

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