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Avatar for Monika Glennon
Monika Glennon
5.0(
35
)
Appraisal - Real Estate

Serving Dolomite, AL and surrounding areas

In business since 1999

Free estimates

Emergency services offered

"Monika helped me find the house which fit the best to my requirements. She helped me in the negotiation process, with surprisingly good results. I can highly recommend Her services. She is a person, joy to work together."
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Recommended by100%of homeowners
Authentic Appraisals, LLC
4.6(
9
)
Appraisal - Real Estate

Serving Dolomite, AL and surrounding areas

In business since 1998

"Norman was awesome, he came out for an appraisal on my home for a refinance. He came in, he was quick, thorough, I hardly even knew he was there, except for the fact my dogs would not shut up barking. He was very patient and understanding. He was very knowledgeable in answering any question I had. I would highly recommend this company."
Response time6 hrs
Recommended by87%of homeowners
Avatar for Pierce Home Appraisals
Pierce Home Appraisals
5.0(
1
)
Appraisal - Real Estate

Serving Dolomite, AL and surrounding areas

In business since 2009

Credit card accepted

OVER 20 YEARS EXPERIENCE!!!\n\nHIGHEST QUALITY WORK IN THE STATE\n\nTOP RATED HOME ADVISOR PRO!!\n\nWelcome to Pierce Home Appraisals!\n\nWe take pride in the quality of work and customer satisfaction that we give each and every customer! We are known to pay exquisite attention to detail, while making customer satisfaction our top priority. Call us today to learn more about how we can help!! \n\n

Response time2 days
Recommended by100%of homeowners
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Property Appraiser questions, answered by experts

Wainscoting isn’t a design element that can be directly tied to an increased house price. Despite that, it is a highly marketable element that can generate significant interest from potential buyers who enjoy the style, and is relatively inexpensive to remove for those who don’t. If you are on the fence about paneling, just know that it certainly wouldn’t result in depreciation of your home’s value—usually the opposite. 

While a finished basement adds value to your home, it is assigned a different value than space on the main floors. An appraiser will assess the square footage of a finished basement at about 50% to 60% of the value of the square footage for the rest of your home. Appraisal value for a finished basement depends on your location’s real estate market and the specifics of the basement and how it was finished. 

Both conventional loans and FHA loans are types of mortgages, but they have a few key differences. Conventional loans are backed by private lenders without any government backing, and FHA loans are guaranteed by a government agency. FHA loans are designed to be easier for borrowers with low credit scores or income to qualify for.

Ideally, you’d never pay more than the appraised value for a home, but there are some instances where it makes sense to do so. For example, if your current living arrangements are no longer viable and you need a place to move into quickly, paying more than the appraised value might be in your best interest to secure a new home. Additionally, if you’re buying in a hot market, overpaying for the home might be necessary to overcome the competition.

In cases where an appraisal comes in lower than an offer price, sellers might opt to lower their asking price to meet the appraisal, especially if the market is slow, and replacing the offer with a higher one may take a long time. Sellers can also offer to make repairs to boost the appraised value, hire another appraiser to get a second opinion, or just move on to another offer that isn’t contingent on the buyer getting a mortgage or an appraisal inspection.

The Dolomite, AL homeowners’ guide to property appraisals

From average costs to expert advice, get all the answers you need to get your job done.