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Avatar for Arlyle Realty, Inc and Property Inspections
Arlyle Realty, Inc and Property Inspections
5.0(
7
)
Appraisal - Real Estate

Serving Clermont, GA and surrounding areas

In business since 1985

Free estimates

Emergency services offered

Arlyle Realty, Inc. & Property Inspections is a small family owned Real Estate and Property Inspection Company that has been in business since 1985. We pride our selves on service to our clients and honest work. We would love to put our experience and knowledge to work for you whether it is in the real estate world , or Property Inspection. We will provide a Job well done in a timely manner.

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Recommended by100%of homeowners
The Appraiser
4.0(
1
)
Appraisal - Real Estate

Serving Clermont, GA and surrounding areas

In business since 1985

Free estimates

Are you are buying a home with the owner carrying back the paper (owner financing)? It is well worth the cost to hire an appraiser to make sure you don't pay more than it is worth. For your protection, many real estate agents will write in a purchase agreement, "this contract is contingent upon the property appraising for the sales price." What about those online appraisals where you enter the address and it tells you what the house is worth? Don't be fooled by those websites! Call The Appraiser today to get a fair and unbiased evaluation on your property!

Recommended by100%of homeowners
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Property Appraiser questions, answered by experts

Yes, the age of your home can impact its value. However, age is just one of many factors that will have an effect. An older home may be perceived as needing more work and maintenance, but if you’ve kept up with repairs or done any renovations, this will increase its value. Buyers will also consider the size of the house, location, and how nearby homes are priced. Lastly, value also depends on whether it’s a buyer or seller’s market.

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 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 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.

An FHA appraisal is valid for 180 days from the effective date of the report. In some cases, you can have the appraisal recertified if you make your request before the original expires so that you still may obtain an FHA loan. If approved, your appraisal update is valid for one year.

The Clermont, GA homeowners’ guide to property appraisals

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