Please correct me if I'm wrong like I said I'm new and don't have all the knowledge.

You’re not looking at future appreciation correctly.

Jay, I tried responding to your response to my pm but ran in to a glitch (it wouldn't allow me to type anything - probably used error, as I couldn't even figure out how to link previous members correctly in this post) so I hope you don't mind a shout out in this thread.  

They were both very certain of this.My accountant on the other hand says that I can and it just has to go into any IRA.Do you guys know whether or not this is correct?

Just explain this to your insurance company and they'll know what to do.If you don't have a correct policy in place you are running a risk of not being covered in case something happens.

My question is whether this is correct or not. 

I’m already preparing for a correction.

Is there a receipt of goods, a signed acceptance of services, or that all was correct for the month?

-I would not mind buying some acreage with a small house near where I live now, but it does appear the market is correcting even if just temporarily, and interest rates are high, so it doesn’t seem like a good time to buy right now.

If I interpreted what you're saying correctly, my parents could ignore the lender appraisal and GoE, and just sell me the house for what they owe?