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TRUSTED BY TEMECULA, CA HOMEOWNERS

  • Average homeowner rating star icon4.6
    Average homeowner rating
  • Verified reviews icon103
    Verified real estate services reviews

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Avatar for Fisher Appraisals
Fisher Appraisals
4.5(
63
)
Appraisal - Real Estate

Serving Temecula, CA and surrounding areas

Approved

In business since 2003

Free estimates

Small jobs welcome

"Chuck made time to fit our appraisal in his busy schedule the same day. I was so happy. He is fair, informative and knows his work. I've taken appraisal I and II myself back in real estate courses and did well as a student. I can honestly say I think his service is the best you can get, fair, honest and informative. Beyond 5 Stars!!"
  detached residential
 Attached homes
 detached residential
 condo
  detached residential

+2

Response time7 hrs
13 neighbors recently requested a quote
Recommended by95%of homeowners
Avatar for Keller Williams International Realty- Teri Barton
Keller Williams International Realty- Teri Barton
5.0(
4
)
Appraisal - Real Estate

Serving Temecula, CA and surrounding areas

In business since 2003

"Teri's professional and friendly manner always made her a pleasure to deal with. Her responsiveness was close to amazing at times. Facing a purchase deadline we decided on the spur of the moment that it would be a good  idea to consult with a contractor about some changes we were considering. Teri immediately made a phone call and an excellent contractor was at the door within the hour to answer our questions.  We were very happy that we chose Teri to help us purchase our property and we recommend her without hesitation to any other prospective buyers or sellers."
Recommended by100%of homeowners
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Real Estate Agents questions, answered by experts

If the sales agreement has a clause that allows the seller to renegotiate based on the appraised value, then they might be able to back out if the appraisal comes in higher than your offer price. If the agreement doesn’t have that language, then the seller has no legal recourse to back out. They could hold a higher offer as a backup and move onto that one if yours falls through for any reason, but once the agreement is signed, the seller is locked into that purchase price unless there’s a clause stating they can renegotiate.

Yes, high ceilings can increase your home's value when it's time to sell. According to some studies, homes with ceilings that are 9 feet or higher can sell for up to 6% more than homes with lower ceilings. While other factors like your home’s location and condition are more impactful, homes with high ceilings have a greater perceived value. Buyers often appreciate the extra space and modern feel that high or vaulted ceilings provide, making it a potentially worthwhile investment.

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.

Ideally, you’d never pay more than the appraised value for a home, but there are some instances where it makes sense to do so. For example, if your current living arrangements are no longer viable and you need a place to move into quickly, paying more than the appraised value might be in your best interest to secure a new home. Additionally, if you’re buying in a hot market, overpaying for the home might be necessary to overcome the competition.

An attic ladder could increase your home’s value. This is especially true if there was no access before and you plan to turn your attic into a valuable bonus space, like a bedroom, home office, or a beautifully organized and updated storage space. Potential buyers would likely see easy attic access as an attractive selling point.

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