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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

3rd Annual BBQ, Brews and Bands!

It is that time of year again! Our 3rd Annual BBQ, Brews and Bands is about to go down this Saturday at the Indigo Park Pool! The pool with be open and lots of fun will be had by all. Open to the Public, we hope you come check out this event. 

We will be smoking another large pig with chickens on the grill too. Many sides can be shared and if you would like to bring something, please do! 

We have three bands this years! Wow! Indigo Boys will be back after a long hiatus along with a couple of other local bands. Feel free to come join us starting at 6 and we end at 10. 

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