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Avatar for Choice Home Warranty
Choice Home Warranty
4.0(
5,678
)
Appraisal - Real Estate

Serving Ferndale, CA and surrounding areas

In business since 2008

Emergency services offered

Credit card accepted

"Great. Reported late Fri PM. Lone Star Appliance contacted me Monday AM, and came to appt. Tue PM as scheduled. Tech. was knowledge, and professional, advising the process. Choice Home Warranty (CHW) would advise how it would go forward. Wed. PM CHW made a cash settlement offerer. I did not want new unit. Claim manager advised the reason for cash offer was due to no brand name part available. We came to an agreement to replace the dishwasher. I investigated for several days, and new unit ordered yesterday, and being installed tomorrow. The settlement was fair. This is the 3rd appliance CHW has replaced over 5 years and 2 properties. I do and have recommended Choice Home Warranty."
Recommended by81%of homeowners
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.

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.

The average cost for a home or property appraisal is about $355, with prices typically ranging from $250 to $500. The final cost is influenced by several factors, including the property's size, age, location, and how it compares to other homes in the area. Appraisals for larger, older, or non-conforming properties often cost more. While a single-family home appraisal usually costs between $300 and $400, appraising a multi-family home can range from $500 to $1,000 due to its increased size and complexity.

If installing board and batten fixes an issue with the home, it could increase the value, but it isn’t commonly installed for that purpose. Board and batten is an aesthetic choice and, like most aesthetic choices, will do little to raise your home’s value. That being said, certain design elements can help attract more buyers, even if your home’s price won’t see a noticeable bump. 

Mobile homes weigh anywhere between 45 to 50 pounds per square foot. Some newer options weigh up to 70 pounds per square foot. An average single-wide mobile home weighs 45,000 pounds, and a double-wide mobile home weighs about 70,000 pounds. Triple-wide mobile homes range from 90,000 to 100,000 pounds.

The Ferndale, CA homeowners’ guide to property appraisals

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