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TRUSTED BY BROAD BROOK, CT HOMEOWNERS

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Avatar for RJG Appraisal
RJG Appraisal
5.0(
9
)

Serving Broad Brook, CT and surrounding areas

Approved

In business since 1983

Free estimates

Customers say: True professional

"I have hired Bob through my law firm to perform real estate appraisals for divorce and probate clients for approximately 20 years. His work is always professional, reasonable and timely. I have always had positive feedback from the property owners. Highest recommendation."
Response time9 hrs
26 neighbors recently requested a quote
Recommended by75%of homeowners
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Property Appraiser questions, answered by experts

While some aspects of an appraisal, such as comparable properties nearby, are out of your control, there are several steps you can take to potentially increase your home's value. Make any necessary repairs and upgrades before the appraiser's visit, as they can only value what is currently part of the home, not its potential. Examples include renovating older areas, updating landscaping to boost curb appeal, and staging your home. You can also provide the appraiser with the cost of recent upgrades, which may increase your home's value by about 50% or more of what you paid for those improvements.

Both conventional loans and FHA loans are types of mortgages, but they have a few key differences. Conventional loans are backed by private lenders without any government backing, and FHA loans are guaranteed by a government agency. FHA loans are designed to be easier for borrowers with low credit scores or income to qualify for.

An FHA appraisal is valid for 180 days from the effective date of the report. In some cases, you can have the appraisal recertified if you make your request before the original expires so that you still may obtain an FHA loan. If approved, your appraisal update is valid for one year.

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.

Typically during transactions or refinancing, or whenever significant improvements are made.

The Broad Brook, CT homeowners’ guide to property appraisals

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