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Avatar for Greg Boswell Appraisals
Greg Boswell Appraisals
5.0(
5
)
Appraisal - Real Estate

Serving Destin, FL and surrounding areas

In business since 1998

Free estimates

Emergency services offered

"I recently had the pleasure of working with Greg Boswell for my real estate appraisal, and I couldn’t be more satisfied. His deep knowledge of the market and clear, practical advice on how to add value to my property were invaluable. Greg’s professionalism, attention to detail, and genuine interest in helping me achieve my goals made the entire process smooth and stress-free. Highly recommended!"
Response time2 hrs
Avatar for Mark Revak, Inc.
Mark Revak, Inc.
4.9(
4
)
Appraisal - Real Estate

Serving Destin, FL and surrounding areas

In business since 2005

Credit card accepted

Mark Revak, Inc. brings an unmatched commitment to excellence to your appraisal needs. I have 18 years experience delivering unsurpassed professionalism, expertise, and value. I take pride in providing our customers with personalized customer service, the highest industry standards, and top quality work. References available upon request. Give me a call today!

Response time2 days
Recommended by100%of homeowners
Avatar for Marketplace Housing
Marketplace Housing
4.3(
11
)
Appraisal - Real Estate

Serving Destin, FL 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
Property Appraiser questions, answered by experts

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.

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.

In cases where an appraisal comes in lower than an offer price, sellers might opt to lower their asking price to meet the appraisal, especially if the market is slow, and replacing the offer with a higher one may take a long time. Sellers can also offer to make repairs to boost the appraised value, hire another appraiser to get a second opinion, or just move on to another offer that isn’t contingent on the buyer getting a mortgage or an appraisal inspection.

Yes, installing a tennis court can be a worthwhile home improvement project that adds value to your property. The potential increase in value can range from $20,000 to $150,000, and in some cases, the return on investment can cover more than 60% of the installation cost. However, the impact on value heavily depends on the size of your property. For homes with multiple acres, a tennis court is often a valuable amenity. In contrast, for homes on smaller lots, installing a court can decrease the property's value because it consumes a significant portion of the usable yard space. It's crucial to consider your property size and the remaining usable yard before proceeding.

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 Destin, FL homeowners’ guide to property appraisals

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