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

Serving Garrett, 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
Friedrich Lund Appraisals
New to Angi
Appraisal - Real Estate

Serving Garrett, IN and surrounding areas

In business since 2007

Free estimates

Friedrich Lund Appraisals, has more than 12 years of experience the appraisal and real estate business. We are efficient, knowledgeable, and professional. We also deliver reports to you electronically. We specialize in the following non-lender appraisals: pre-listing, purchase market value, tax appeals, private mortgage insurance removal, land value, reinstatement of a home equity line of credit due to bank freeze, estate, and, bankruptcy. When experience counts, you can count on our experience and expertise.

Property Appraiser questions, answered by experts

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.

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.

Whether or not new windows increase property taxes depends on where you live and by how much your upgrade increases your home’s value. Smaller projects likely won’t result in increased property taxes, but it’s always a good idea to err on the side of caution and check. Contact your local county appraisal department for the most accurate information about property taxes in your area. 

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.

You can be present during a home appraisal, but it’s best to stay out of the appraiser’s way. Make yourself available, but don’t engage or interrupt, and don’t discuss value or your target sales price. If possible, have your agent present in the house instead of being present yourself.

The Garrett, IN homeowners’ guide to property appraisals

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