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Avatar for Greenway Construction & Tree Services
Greenway Construction & Tree Services
4.3(
7
)
Appraisal - Real Estate

Serving Pelham, GA and surrounding areas

In business since 1980

Free estimates

Emergency services offered

Greenway Construction & Tree Services is your Construction , Demolition & Tree company focused on servicing you. We will sell your home, find your dream home, manage your rental property, or remodel your home to look better than ever. We will redesign your home, build a new kitchen with all the extras, design a luxury bathroom, add a bedroom or sunroom, and make your home a delightful place of enjoyment. Our family has been the turn-key family business bringing your home up to date with all the class and amenities you have dreamed about. Call us today at 229-343-1334 or the office at 229-347-0968. We have built homes, remodeled businesses and homes, listed and sold, and helped you find buyers for years. We are a family you can trust.

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Recommended by100%of homeowners
Salter Appraisal Services
4.0(
1
)
Appraisal - Real Estate

Serving Pelham, GA and surrounding areas

In business since 1997

Free estimates

At Salter Appraisal Services, we have the comprehensive training and credentials to provide the level of credible property value opinions. With over 21 years of experience that only comes with doing the job, we are prepared to help our clients with practically any type of residential real estate appraisal. If you need an appraisal for any of the following reasons, give us a call today!\n

Response time10 hrs
Recommended by100%of homeowners
Property Appraiser questions, answered by experts

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.

Typically during transactions or refinancing, or whenever significant improvements are made.

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.

Appraisals can come in above or below the list price or offer price for a property, and where it falls depends on many factors. Those include the condition of the property, the location, and the age of the home, but often, the condition of the market is the biggest determining factor. Where demand is high for properties, buyers compete with each other for homes, which tends to drive up offer prices above where appraisals come in. Where demand is low, you’ll often see the opposite happening.

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.

The Pelham, GA homeowners’ guide to property appraisals

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