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TRUSTED BY DERBY, CT HOMEOWNERS

  • Average homeowner rating star icon4.9
    Average homeowner rating
  • Verified reviews icon43
    Verified property appraisals reviews

Find Property appraisers in Derby

Avatar for Morales Real Estate Appraisal Services, LLC
Morales Real Estate Appraisal Services, LLC
4.9(
174
)
Appraisal - Real Estate

Serving Derby, CT and surrounding areas

Approved

Super Service Award Winner

In business since 1987

Free estimates

Emergency services offered

"Iâ m a realtor in CT and Elliot is the BEST appraiser Iâ ve worked with! Heâ s punctual, honest and more importantly fair. My client had more than one property appraised and refused to work with anyone but Elliot. We love you Elliot!"
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+31

Response time5 hrs
35 neighbors recently requested a quote
Recommended by82%of homeowners
Shoreline Property Appraisals
5.0(
2
)
Appraisal - Real Estate

Serving Derby, CT and surrounding areas

Approved

In business since 2001

Customers say: Quick response

Shoreline Property Appraisals is committed to excellence in every aspect of our business. We uphold a standard of integrity bound by fairness, honesty and personal responsibility. Our distinction is the quality of service we bring to our customers. Accurate knowledge of our trade, combined with ability, is what makes us true professionals. Above all, we are watchful of our customers' interests and make their concerns the basis of our business. We value properties for sales, legal situations and current market value. \nTypical Fee: Residential Single family home $400.00\nTypical Fee Water influenced Residential home $500.00\nTypical Fee Multi family Residential home $575.00 \nPLEASE NOTE: COMMERCIAL DWELLINGS AND UNDEVELOPED LAND ARE NOT INCLUDED IN THE SERVICES OFFERED.

Response time5 hrs
Recommended by100%of homeowners
Ansaldo Appraisal Services
5.0(
5
)
Appraisal - Real Estate

Serving Derby, CT and surrounding areas

In business since 1998

Free estimates

Credit card accepted

"Quick appointment and Excellent service. JoAnn is an expert Apprasier, she is very knowledgeable, answered all my questions and put my mind at ease. Gave me a detailed appraisal of my property at a fair price, I highly recommend them and would surely do business with them again."
Response time1 day
Response rate86%
Recommended by100%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.

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.

While there’s technically no limit to the dollar amount you can borrow for a home addition, the standard limit is around 80% of the value the addition is expected to add to your home. That means you could feasibly borrow up to $80,000 if an appraiser determines that the addition or bump out will add $100,000 in value to your property. You might also be limited by your debt-to-income ratio or credit score.

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.

Xeriscaping can absolutely increase your home value, but the return on investment (ROI) depends on where you live and how prevalent xeriscaping is in your area. In drought-prone climates, xeriscaping can boost your curb appeal and make your home more appealing to buyers due to the reduced maintenance and watering costs. However, in areas where xeriscaping isn’t the norm, some buyers may be willing to pay less for a xeriscaped property if they don’t like the appearance.

The Derby, CT homeowners’ guide to property appraisals

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