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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

Leeve's First Day at the River












I've been a funk lately. You ever get where you feel like you put one foot forward and then have to take twenty back? 

Well, that has been me
and what seems to be my direction over the last couple of weeks --- could be Taurus season. Being a libra- I have lofty airy goals and when a earth season comes in--- I get grounded really quick. :( 

Well, my oldest and I went to the James River this afternoon because I just needed to get away. Blew off work for a couple of hours and wanted to soak in the rays. 

Douglas now has a puppy. She wanted one forever and even though I was like, "The last thing you need is a puppy," she wanted one. She doesn't live at home anymore and now can do whatever she wants. 

You know how it was to be 18. 

No one knows anything except me and I am the ruler of my domain! 

It is quite funny to watch your child as the mother of another being--- a puppy is vibrant and rowdy. A nice day at the beach to relax and enjoy the afternoon? Well, that'll happen another day. 

Levee (pronounced Leh-vee) had a ball. 

She loves the water, 
and the sand, 
and digging under the chairs, 
and chewing water bottles, 
and stepping in her water bowl, 
and giving grandma sandy hugs and shakes... :) 

You know the drill. 

Isn't my GrandPup the cutest? 

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