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Avatar for Mark Revak, Inc.
Mark Revak, Inc.
4.9(
4
)
Appraisal - Real Estate

Serving Mcdavid, 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
Property Appraiser questions, answered by experts

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.

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 there's not a lot of definite research, some experts suggest that an in-ground or wall-mounted basketball hoop can add value to your home by increasing curb appeal. In addition, having a basketball hoop is an attractive feature of a house since it promotes physical activity, especially for children.

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.

Ensures accurate valuation reflecting current market conditions, assisting in financial decisions.

The Mcdavid, FL homeowners’ guide to property appraisals

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