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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

In most cases, installing a tennis court on your property will drive up your property taxes. Property taxes are determined, in part, based on improvements made to your property, which includes anything with a permanent foundation. Since most home tennis courts include a large concrete foundation, your property taxes will likely increase following the installation. A general rule of thumb is that if your project requires permits—like for a foundation or fencing for a tennis court—then your property taxes will be affected.

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.

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.

Land doesn’t depreciate in the same way that a house, vehicle, or other property does, but it can lose value based on various factors. Environmental changes, nearby development, zoning changes, and economic downturns can all cause land to lose value over time. Value is a comparative figure, so as other related factors change, so can land’s value.

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.

The Smyrna, DE homeowners’ guide to property appraisals

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