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Appraisal Authority LLC

5.00(
1
)

Appraisal Authority LLC

5.00(
1
)
Recommended by 100% of Angi customers
Recommended by 100% of HomeAdvisor customers

Appraisal Authority LLC strives to excels in providing quality real estate appraisal reports for all our clients and customers. DE State Certified real estate appraiser. Servicing Primarily Kent and New Castle Counties. Fees are based on type of property, report format, purpose and complexity of report. Appraisal reports prepared for Bankruptcy, Bail collateral, Divorce settlement, Estate settlement (date of death appraisals), Probate, Trusts, Pre sale or pre purchase of property, PMI elimination, Financing or any other purpose. Appraisal reports prepared for single family homes, condominiums, 2-4 unit properties, co-operative units, mixed use (residential/commercial) properties and vacant land. Reports provided in form report format or narrative report format.

Appraisal Authority LLC strives to excels in providing quality real estate appraisal reports for all our clients and customers. DE State Certified real estate appraiser. Servicing Primarily Kent and New Castle Counties. Fees are based on type of property, report format, purpose and complexity of report. Appraisal reports prepared for Bankruptcy, Bail collateral, Divorce settlement, Estate settlement (date of death appraisals), Probate, Trusts, Pre sale or pre purchase of property, PMI elimination, Financing or any other purpose. Appraisal reports prepared for single family homes, condominiums, 2-4 unit properties, co-operative units, mixed use (residential/commercial) properties and vacant land. Reports provided in form report format or narrative report format.

Property Appraiser questions, answered by experts

As a seller, it might feel tempting to skip the appraisal, especially in a hot market that sees a lot of all-cash offers. While you can technically forgo it and hope for an all-cash offer, you’ll likely have a very tough time selling without an appraisal. 

In addition to protecting lenders from risk, appraisals also protect buyers’ investments. As such, it isn’t typically recommended for buyers to skip appraisals.

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.

While parts of the appraisal are out of your control, there are some things you can do to potentially raise the home’s value. You can make necessary repairs and upgrades before the appraiser visits—an appraiser can only value what is currently part of the home, not its potential. You can also provide the appraiser with the cost of recent upgrades. The appraiser will likely increase the value of your home by about 50% or more of what you paid for those improvements.

In short, yes, a pond can add to your home’s value. However, whether it adds value will depend on the condition and aesthetic of your pond. Having this feature already built into a yard’s home can be appealing to homebuyers who value its aesthetic and would prefer not to build it themselves. But if it is not kept in good condition, it could turn buyers away.

A comprehensive smart home system can be really attractive to buyers and increase the value of your property. Components such as a smart security system, smart lawn and garden systems, and smart appliances can all drive up the value of your property.

The Camden, DE homeowners’ guide to property appraisals

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