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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

House Crush Alert! 257 Tyler Brooks

Back to Back House Crushes??? This one is all done up for you and the designers seem to always hit the nail on the head. Don't you just want to buy it fully furnished?














Beautifully remodeled all brick ranch with modern open floor plan, 3 bedrooms, 2 full baths and a wooded view with stream at back of the property. NEW roof, windows, doors, gutters, shutters, electrical wiring, plumbing, HVAC cabinetry, granite, flooring (wood, tile and carpet), paint, trim and LG appliance package including smooth top range, dishwasher, built-in microwave and side by side refrigerator. The home is situated on a .257 acre lot with new driveway, sidewalk, landscaping and sodded front yard.


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