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Avatar for Advantage Appraisals
Advantage Appraisals
5.0(
7
)
Appraisal - Real Estate

Serving Carmichael, CA and surrounding areas

Approved

In business since 2005

Free estimates

Credit card accepted

"Bryan Lynch with Advantage Appraisals was responsive and professional. Sincerely appreciate his knowledge, expertise and the thorough report he provided. Happy to have found an appraiser to use now and in the future and also to refer to friends and family. I highly recommend Bryan and Advantage Appraisals."
Response time9 hrs
Recommended by100%of homeowners
Barton J Vogel
New to Angi
Appraisal - Real Estate

Serving Carmichael, CA and surrounding areas

Approved

In business since 1981

Since 1981 my clients have depended on me to provide high-quality value estimates on a wide assortment of real estate in many Northern California counties. \nBy continuously analyzing local real estate trends in the regions I serve, and staying current on valuation techniques through accredited courses, I've been consistently able to produce reliable home valuations for my clients.

Response time3 days
Response rate91%
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Real Estate Agents questions, answered by experts

A good return on flipping a house ranges from 10% to 20% of the after-repair value. Many investors aim for a profit margin of at least 15% to ensure their efforts and risks are worthwhile. This percentage accounts for costs like repairs, financing, holding costs, and closing fees, while also providing a solid profit.

You may be able to negotiate an as-is purchase, but many sellers who list their homes as-is aren’t willing to lower their asking price since they’ve already accounted for the price of repairs. Homes are often listed as-is for a quick sale, so there’s a chance a seller may negotiate in order to make the sale—it never hurts to ask.

A land survey defines and records the physical aspects of a property, including its boundaries, dimensions, easements, features, and sometimes topographical information. In contrast, a land appraisal determines the property's monetary value. While an appraiser will often consult a land survey to understand the property's physical specifications, the survey itself does not determine the land's value.

A home inspection and a home appraisal serve different purposes. A home inspection is a visual evaluation of the property's overall condition to identify any structural problems or issues with major systems like electrical and plumbing. Its main goal is to assess the home's long-term safety and determine if repairs are needed before a sale. In contrast, a home appraisal is a thorough evaluation of the property and its surrounding area to determine its current fair market value. This value helps set the asking price and guides the mortgage company’s lending decision. The average cost for both a home inspection and a home appraisal is around $350 each.

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 Carmichael, CA homeowners’ guide to real estate services

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