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Avatar for Fleener Services
Fleener Services
5.0(
38
)

Serving Alameda, CA and surrounding areas

Approved

Super Service Award Winner

In business since 2010

Free estimates

Small jobs welcome

"Mr. Fleener provided us with the exact product that we requested, and appraisal report on property which is the subject of litigation, which he prepared after reviewing relevant records and driving by the property. He delivered the report a day early for the price of green. I would certainly recommend using Mr. Fleener's services."
Business Card
Response time8 hrs
Response rate100%
14 neighbors recently requested a quote
Horizon Appraisals
4.0(
43
)

Serving Alameda, CA and surrounding areas

In business since 2003

Free estimates

Credit card accepted

"Aaron responded immediately to my inquiry about an appraiser, we set a date and Aaron was both on time and very professional. He let me know when the appraisal would be ready and he produced a quality report with pictures, maps., and a detailed analysis. I would definitely recommend him to my friends."
Response time1 day
Response rate97%
Recommended by100%of homeowners
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Property Appraiser questions, answered by experts

Foundation cracks won’t always affect your appraised value. All foundations crack due to normal settlement, so hairline cracks that aren’t leaking or uneven from side to side are unlikely to have an impact on your appraisal. Structural cracks, on the other hand, often lead to a reduced appraised value, especially if the underlying problem will cause the issue to worsen over time.

In short, yes, a pond can add to your home’s value. However, whether it adds value will depend on the condition and aesthetic of your pond. Having this feature already built into a yard’s home can be appealing to homebuyers who value its aesthetic and would prefer not to build it themselves. But if it is not kept in good condition, it could turn buyers away.

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.

Appraisals can come in above or below the list price or offer price for a property, and where it falls depends on many factors. Those include the condition of the property, the location, and the age of the home, but often, the condition of the market is the biggest determining factor. Where demand is high for properties, buyers compete with each other for homes, which tends to drive up offer prices above where appraisals come in. Where demand is low, you’ll often see the opposite happening.

The differences between market value and appraised value depend on the local market, so they can match, or either one can be higher than the other. In a “seller’s market,” where there is an abundance of buyers, market value will likely sit higher than the appraised value because there’s more demand for the low inventory of homes. In a “buyer’s market,” where there are more homes than there are buyers, the market value is more likely to sit below the appraised value to entice buyers.

The Alameda, CA homeowners’ guide to property appraisals

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