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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

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.

While there's not a lot of definite research, some experts suggest that an in-ground or wall-mounted basketball hoop can add value to your home by increasing curb appeal. In addition, having a basketball hoop is an attractive feature of a house since it promotes physical activity, especially for children.

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 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.

Some appraisers hold a Member of the Appraisal Institute designation. This accolade is the highest credential property appraisers can earn. An MAI appraisal is typically used for commercial properties.

While your lender will likely recommend an appraiser, you can also hire a professional home appraiser on your own. Choose someone who is experienced in your type of residential property, and ensure they hold all of the necessary credentials that your state or region requires.

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.