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Avatar for Mostad & Company, LLC
Mostad & Company, LLC
5.0(
3
)
Appraisal - Real Estate

Serving Somers, CT and surrounding areas

In business since 2006

Free estimates

Credit card accepted

I pride myself on reliability, great communication, integrity, and quality work. I am an expert in Real Estate Appraisals in Connecticut and do my best to inform my clients on the process and keep them informed.\nI believe in asking a lot of questions regarding the property at hand.\nI am available 24/7 for emergencies. I look forward to working with you.

Pierrepont Lake
Response time4 hrs
Recommended by100%of homeowners
Avatar for Marketplace Housing
Marketplace Housing
4.3(
11
)
Appraisal - Real Estate

Serving Somers, CT and surrounding areas

In business since 2003

Free estimates

Emergency services offered

"Office staff is always available for help. No job is too small or too big. They are responsive to our needs for service requests from roofing to foundations. All aspects of home repairs have been done professionally and in a timely manner. I would recommend Marketplace Homes for all your property management needs regarding property repairs and maintenance."
Recommended by77%of homeowners
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Property Appraiser questions, answered by experts

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.

Yes, appraisals are often used for property tax appeals, estate planning, and determining market value.

You can be present during a home appraisal, but it’s best to stay out of the appraiser’s way. Make yourself available, but don’t engage or interrupt, and don’t discuss value or your target sales price. If possible, have your agent present in the house instead of being present yourself.

The cost ranges from $300 to $500, depending on the property's size and location. Due to their complexity, commercial appraisals may cost more.

While a finished basement adds value to your home, it is assigned a different value than space on the main floors. An appraiser will assess the square footage of a finished basement at about 50% to 60% of the value of the square footage for the rest of your home. Appraisal value for a finished basement depends on your location’s real estate market and the specifics of the basement and how it was finished. 

The Somers, CT homeowners’ guide to property appraisals

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