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Avatar for Akrivis Real Estate Valuations
Akrivis Real Estate Valuations
4.3(
47
)
Appraisal - Real Estate

Serving Memphis, IN and surrounding areas

Approved (Corporate)

In business since 2018

Credit card accepted

Offers commercial services

"Hired to do valuation of a manufactured home - not on land. Gave appraisal comparison properties included land. therefore not an accurate valuation. Thought salesperson understood nuance."
Restaurant
Response time5 hrs
Response rate89%
1433 neighbors recently requested a quote
The Mardis Group
New to Angi
Appraisal - Real Estate

Serving Memphis, IN and surrounding areas

In business since 2004

Free estimates

With over 15 years of experience helping both homeowners and lenders, I can help with any appraisal services you may require! Whether it is insurance, property tax, settlements, or real estate, I make it as easy as possible for the homeowner. For a knowledgeable, quick and easy service, done right the first time, please call today! I can not wait to add you to the family of satisfied consumers!

Response time1 day
Avatar for Big Red Team / Keller Williams Realty
Big Red Team / Keller Williams Realty
New to Angi
Appraisal - Real Estate

Serving Memphis, IN and surrounding areas

In business since 2002

Free estimates

The Big Red Team is an award-winning real estate team with a combined 20 years of real estate experience. Our focus is communities within the greater Southern Indiana area. We are proud to call this area our home! Are you ready to sell your home or in the market to find another home? Let our team assist you! This is about more than real estate. It’s about your life and your dreams.

Property Appraiser questions, answered by experts

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

Yes, installing a tennis court can be a worthwhile home improvement project that adds value to your property. The potential increase in value can range from $20,000 to $150,000, and in some cases, the return on investment can cover more than 60% of the installation cost. However, the impact on value heavily depends on the size of your property. For homes with multiple acres, a tennis court is often a valuable amenity. In contrast, for homes on smaller lots, installing a court can decrease the property's value because it consumes a significant portion of the usable yard space. It's crucial to consider your property size and the remaining usable yard before proceeding.

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.

A koi pond may add value to your home if it’s a feature sellers are looking for. Like pools, ponds can affect your property value depending on their condition, whether they’re a popular selling point, and how well they’re incorporated into your home’s landscape.

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 Memphis, IN homeowners’ guide to property appraisals

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