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Elmer Gamoning
5.0(
12
)
Appraisal - Real Estate

Serving Albany, CA and surrounding areas

Approved

In business since 2020

Free estimates

Customers say: Quick response

"Elmer did three separate property appraisals for estate settlement for me. He answered all my questions to my satisfaction .He was punctual in all our appointments. He gave me all the printed copies of the reports after he was done promptly. I would highly recommend him if you need property appraisals."
Response time4 hrs
Response rate92%
17 neighbors recently requested a quote
Avatar for Fleener Services
Fleener Services
5.0(
38
)
Appraisal - Real Estate

Serving Albany, 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%
15 neighbors recently requested a quote
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Property Appraiser questions, answered by experts

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.

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.

Yes, installing a tennis court can be a worthwhile home improvement project that adds value to your property. The potential increase in value can range from $20,000 to $150,000, and in some cases, the return on investment can cover more than 60% of the installation cost. However, the impact on value heavily depends on the size of your property. For homes with multiple acres, a tennis court is often a valuable amenity. In contrast, for homes on smaller lots, installing a court can decrease the property's value because it consumes a significant portion of the usable yard space. It's crucial to consider your property size and the remaining usable yard before proceeding.

Land doesn’t depreciate in the same way that a house, vehicle, or other property does, but it can lose value based on various factors. Environmental changes, nearby development, zoning changes, and economic downturns can all cause land to lose value over time. Value is a comparative figure, so as other related factors change, so can land’s value.

The entire appraisal process takes from seven to 10 days. This timeline accounts for the many steps of the appraisal process, including the post-inspection report completed by the appraiser.

Home appraisal services include the following tasks:

  • Inspect home interior and exterior

  • Evaluate materials, features, fixtures, and renovations

  • Review comparable properties

  • Write an appraisal report

The Albany, CA homeowners’ guide to property appraisals

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