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Avatar for Akrivis Real Estate Valuations
Akrivis Real Estate Valuations
4.4(
62
)
Appraisal - Real Estate

Serving Enfield, CT and surrounding areas

Approved (Corporate)

In business since 2018

Credit card accepted

Offers commercial services

"Hired to do valuation of a manufactured home - not on land. Gave appraisal comparison properties included land. therefore not an accurate valuation. Thought salesperson understood nuance."
Restaurant
Response time5 hrs
Response rate89%
1333 neighbors recently requested a quote
Avatar for RJG Appraisal
RJG Appraisal
5.0(
9
)
Appraisal - Real Estate

Serving Enfield, 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 time7 hrs
25 neighbors recently requested a quote
Recommended by75%of homeowners
Avatar for Marketplace Housing
Marketplace Housing
4.3(
11
)
Appraisal - Real Estate

Serving Enfield, CT and surrounding areas

In business since 2003

Free estimates

Emergency services offered

"Marketplace Homes has managed two residential rental properties for me, and everything has always been very easy. They coordinate showings, negotiated rent with tenants, and hired contractors as needed at each property. I would use them for any rental property I have in the future!"
Recommended by77%of homeowners
John Shanley Appraisals
4.0(
1
)
Appraisal - Real Estate

Serving Enfield, CT and surrounding areas

In business since 1992

Free estimates

I am with John Shanley Appraisals a/k/a ARC Appraisal Associates and have been doing residential appraisal work since 1984. I am state certified and FHA-approved. My experience has been primarily in central and western CT, performing appraisals of single family homes, condominium units and 1 to 4 family homes. By offering on-line appraisal ordering, coupled with automatic report status updates and electronic delivery of the final product, we are able to eliminate the run around and phone tag hassles associated with this process. My experience has been largely in the mortgage lending industry; I can also meet your needs for probate valuation, tax appeals, if you are considering buying or selling a house, or any other situation in which having an accurate, well supported opinion of value is important.

Response time6 hrs
Recommended by100%of homeowners
Showing 1-10 of 25
Property Appraiser questions, answered by experts

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.

Basement bedrooms can count toward your room count and the square footage of your home on an appraisal if they’re fully legal, which means they have proper ventilation and points of egress, as defined by your local building code. Simply partitioning off a space for a bedroom in an otherwise unfinished basement that isn’t a legal living space won’t affect your appraisal value.

Appraisals can come in above or below the list price or offer price for a property, and where it falls depends on many factors. Those include the condition of the property, the location, and the age of the home, but often, the condition of the market is the biggest determining factor. Where demand is high for properties, buyers compete with each other for homes, which tends to drive up offer prices above where appraisals come in. Where demand is low, you’ll often see the opposite happening.

The cost to appraise a home depends on the type. Common types include:

  • Single-family homes: $300–$400

  • FHA or VA single-family homes: $400–$500

  • Condominium: $300–$500

  • Multi-family home: $500–$1,000

  • Apartment building: $1,500–$3,000

  • Commercial properties: $1,400–$10,000

  • Raw land: $1,000–$8,000

The Enfield, CT homeowners’ guide to property appraisals

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