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Spencer B. Humphrey and Associates
4.1(
5
)
Appraisal - Real Estate

Serving Cloverdale, CA and surrounding areas

Approved

In business since 1984

Free estimates

"I highly recommend Mr. Humphrey. He saved us on what we thought would be a complicated, drawn out and expensive appraisal. He was smart, thorough, experienced, and knowledgeable. Spencer was accessible and responsive and provided our report as promised within our short timeframe."
Response time1 day
Response rate89%
Recommended by75%of homeowners
Avatar for America's Best Inc
America's Best Inc
4.1(
2,198
)
Appraisal - Real Estate

Serving Cloverdale, CA and surrounding areas

In business since 1982

Free estimates

Credit card accepted

"

My husband and I used this company on two separate occasions and were extremely happy with the results both times. He pressure washed our home both times, and the second time he also did our drive-way and 3-tier back deck. He spent a considerable amount of time on both of these projects, and the back deck looked transformed (we were getting ready to sell our home and our real estate agent was impressed).


"
10,000 square foot home
We love Los Angeles
skylight cleaning
Recommended by77%of homeowners
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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.

Yes, experienced appraisers handle a variety of property types with tailored methods.

As a seller, it might feel tempting to skip the appraisal, especially in a hot market that sees a lot of all-cash offers. While you can technically forgo it and hope for an all-cash offer, you’ll likely have a very tough time selling without an appraisal. 

In addition to protecting lenders from risk, appraisals also protect buyers’ investments. As such, it isn’t typically recommended for buyers to skip appraisals.

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 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 Cloverdale, CA homeowners’ guide to property appraisals

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