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Avatar for Susan Brooks
Susan Brooks
4.9(
19
)
Appraisal - Real Estate

Serving Experiment, GA and surrounding areas

In business since 2004

Free estimates

"We have postponed the appraisal but Susan was very helpful and informative. I will definitely use serif an appraisal comes necessary. 3/26 have now done appraisal; very thorough and professional, excellent product, obviously knows her business. I am very pleased and recommend Susan without reservation."
Response time2 hrs
Response rate92%
Recommended by94%of homeowners
paragon cleaning services llc
New to Angi
Appraisal - Real Estate

Serving Experiment, GA and surrounding areas

In business since 1998

Do you need an appraisal? If the answer is yes, than Horizon Appraisal Service, is here for you! With 14 years of combined experience in appraisals, we stand behind our work! We are a quality oriented company and guarantee our appraisals. We have the availability to help you out when you need and guarantee you will get your appraisal within 48 hrs or you will know why within that time period.\n\nWe deal with second opinion appraisals too! We will be there when we say will be there you can bet on that. Give us a call today, and let us show you what it means to get an appraisal!\n

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Property Appraiser questions, answered by experts

Depending on the size of the home, the appraisal itself can take several hours. After the appraiser’s visit is complete, it can take between a few days and a few weeks to get the report back. This timeline is largely dependent on the appraiser’s workload, research requirements, efficiency, and other factors.

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.

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.

The cost to appraise a home depends on the type. Common types include:

  • Single-family homes: $300–$400

  • FHA or VA single-family homes: $400–$500

  • Condominium: $300–$500

  • Multi-family home: $500–$1,000

  • Apartment building: $1,500–$3,000

  • Commercial properties: $1,400–$10,000

  • Raw land: $1,000–$8,000

Both conventional loans and FHA loans are types of mortgages, but they have a few key differences. Conventional loans are backed by private lenders without any government backing, and FHA loans are guaranteed by a government agency. FHA loans are designed to be easier for borrowers with low credit scores or income to qualify for.

The Experiment, GA homeowners’ guide to property appraisals

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