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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

Do You Have an Investment Property You Are Ready to Sell

Hey Guys!

I represent investors who flip homes in and around the Williamsburg, Virginia area. If and when the time comes you may want to sell, I hope you will reach out to discuss how I can help. 

As a homeowner, you can normally sell quickly and easily. You don’t have to worry about money on repairs, putting a sign in the yard having strangers drop by to browse the house or inconvenience your tenants.

We buy houses at a discounted rate but when we do:

· You get cash and avoid most normal closing costs.

· You sell your home “as-is.” No cleaning or repair costs

· You can close quickly—if that is what you desire. 

Send me a DM if you are interested in our services. I'm happy to talk at anytime.

Leigh Ann