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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%
14 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%
16 neighbors recently requested a quote
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Property Appraiser questions, answered by experts

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

Yes, the age of your home can impact its value. However, age is just one of many factors that will have an effect. An older home may be perceived as needing more work and maintenance, but if you’ve kept up with repairs or done any renovations, this will increase its value. Buyers will also consider the size of the house, location, and how nearby homes are priced. Lastly, value also depends on whether it’s a buyer or seller’s market.

While there’s technically no limit to the dollar amount you can borrow for a home addition, the standard limit is around 80% of the value the addition is expected to add to your home. That means you could feasibly borrow up to $80,000 if an appraiser determines that the addition or bump out will add $100,000 in value to your property. You might also be limited by your debt-to-income ratio or credit score.

Basement bedrooms can count toward your room count and the square footage of your home on an appraisal if they’re fully legal, which means they have proper ventilation and points of egress, as defined by your local building code. Simply partitioning off a space for a bedroom in an otherwise unfinished basement that isn’t a legal living space won’t affect your appraisal value.

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 Albany, CA homeowners’ guide to property appraisals

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