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Marden, LLC
New to Angi
Appraisal - Real Estate

Serving Enterprise, AL and surrounding areas

Approved

In business since 1991

Free estimates

Our mission at Marden, LLC is to continue the growth of our business by doing right by all of our clients. We love seeing that one of a kind smile on homeowner faces at the end of a project! Marden, LLC stacks up with the competition and surpasses it with competitive prices, second to none workmanship and a prompt/responsive team! We give you the quality that you can measure and a finished product that will enhance your home forever. Call us today!

Avatar for AMERICAN HOME INSPECTION
AMERICAN HOME INSPECTION
4.3(
13
)
Appraisal - Real Estate

Serving Enterprise, AL and surrounding areas

In business since 1994

Credit card accepted

"A couple minutes late, but notified in advance. Did a great job inspecting the home and explained everything while going through it. Inspection completed and report printed out before they left.
"
Recommended by81%of homeowners
Property Appraiser questions, answered by experts

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.

The purpose of the home appraisal determines which party pays for it. You’re generally responsible for the cost if you need to know the current value of your home to refinance your mortgage, though in some instances the lender will pay for it. The buyer pays for the appraisal when they are applying for their mortgage.

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. 

A property valuation, sometimes called a comparative market analysis or CMA, provides a real estate expert’s opinion on how much your property will sell for. It takes many things into consideration, like the condition and location of the home, but ultimately, all that matters for a property valuation is what a buyer might be willing to pay for the property. An appraisal is more concerned with determining the value. A valuation is to estimate what you’ll get for a property, while an appraisal helps a lender establish loan-to-value ratios and loan amounts.

You can be present during a home appraisal, but it’s best to stay out of the appraiser’s way. Make yourself available, but don’t engage or interrupt, and don’t discuss value or your target sales price. If possible, have your agent present in the house instead of being present yourself.

The Enterprise, AL homeowners’ guide to property appraisals

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