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Avatar for Norris Appraisals, LLC
Norris Appraisals, LLC
5.0(
1
)
Appraisal - Real Estate

Serving Berne, IN and surrounding areas

Approved

In business since 2016

Free estimates

Customers say: Quick response

"Luke is an extremely knowledgeable individual when it comes to appraisals. He kept us informed in reference to his process and plans and made us feel comfortable in a process that was unfamiliar to us."
Response time12 hrs
Recommended by100%of homeowners
Butler Appraisal Service, Inc.
New to Angi
Appraisal - Real Estate

Serving Berne, IN and surrounding areas

Approved

In business since 2004

With over 14 years of experience in the appraisal industry, we are the experts you need to take care of your home or business. We handle everything from General Appraisals to Real estate Appraisals, Estate Appraisals, Divorce Appraisals, Tax Appeal Appraisals. We will treat your home as we would treat our own. Give Butler Appraisal Service, Inc., a call today, we look forward to working with you!

Response time50 mins
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.

The cost ranges from $300 to $500, depending on the property's size and location. Due to their complexity, commercial appraisals may cost more.

While some aspects of an appraisal, such as comparable properties nearby, are out of your control, there are several steps you can take to potentially increase your home's value. Make any necessary repairs and upgrades before the appraiser's visit, as they can only value what is currently part of the home, not its potential. Examples include renovating older areas, updating landscaping to boost curb appeal, and staging your home. You can also provide the appraiser with the cost of recent upgrades, which may increase your home's value by about 50% or more of what you paid for those improvements.

The entire appraisal process takes from seven to 10 days. This timeline accounts for the many steps of the appraisal process, including the post-inspection report completed by the appraiser.

Home appraisal services include the following tasks:

  • Inspect home interior and exterior

  • Evaluate materials, features, fixtures, and renovations

  • Review comparable properties

  • Write an appraisal report

The Berne, IN homeowners’ guide to property appraisals

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