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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

My Favorite New Closing Gift!

Modern Map Art reached out to me a bit ago and asked if I would be interested in a custom map poster of my city here in Williamsburg, VA. Of course I was! 



I'm in love with it--- I think Joe maybe a bit more so. ;) 

The posters are made from museum quality matte paper and Ultrachrome ink. The ink is rated to last over 100 years and if properly framed maintained is rated to last 200 years!


Modern Map Art custom makes each item so of you check out their website and don't see your city, reach out to them! They are happy to talk with you about adding yours! Williamsburg, Virginia was not on their list but they made it just for me!



I am thinking of giving these as Closing Gifts for my Buyers when they purchase a home. What do you think? Would you want one for your home?

Modern Map Art makes more than just Posters but pillows, phone cases and more! I really like their Ski Maps! Snowshoe Mountain Ski Map Art, Trail Map, Print, Poster From $39.99 - ModernMapArt

Want to order yours today? Click here.



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