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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

Tuesday is for Table Tops--- The Beginning

I'm going to try to start a couple of new things this year--- like blogging consistently. So I'm sitting here staring out my window in my office thinking what could I do for Tuesday's?

T.... T.... T....

No transformation Tuesdays--- that's been overdone....

T.... T.... T....

Tomato Soup--- Yum.... No.... I can't come up with a different Tomato Soup Recipe every Tuesday.

So Table Tops comes up when I was typing into my Pinterest.

Table Tops--- that's something I can change up and won't get bored with---- Hopefully you won't either. Let's see where this baby goes why don't we!


So this tabletop is quite amazing and moody like me after being on FAFSA's website for the last two days... Why is it I enter my username the same as the one they send me but it isn't right the first fifteen times I type it in???

Is someone trying to get me? Totally piss me off that I won't ask for money for my child to go to school??? Maybe....




Comments

  1. Good article, your sharing is so nice, love your work!

    ReplyDelete
  2. awesome thanks for the time it must have took you to post such a wonderful article
    skirting board

    ReplyDelete

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