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Foley Appraisal, LLC
New to Angi
Appraisal - Real Estate

Serving Mitchell, IN and surrounding areas

In business since 2018

Free estimates

Foley Appraisals, LLC, is a highly accomplished real estate appraisal company who can help with any of your appraisal needs. We have served a diverse clientele, including national and local lending institutions, investments, law firms, and private clients. Let our local presence, combined with exceptional expertise and trustworthy referrals nationwide prove to you the difference a pro makes!

Response time1 day
Response rate100%
Property Appraiser questions, answered by experts

Whether a scullery is worth it depends on how much you like to cook and entertain. If you frequently host gatherings—a scullery is likely worth the money. If you’re looking for ROI, it’s not so clear. It may not add significant value to your home, as it doesn’t increase square footage and may repurpose space that a buyer would have preferred to remain as-is (like a laundry room). 

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 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.

Yes, appraisals are often used for property tax appeals, estate planning, and determining market value.

Basement bedrooms can count toward your room count and the square footage of your home on an appraisal if they’re fully legal, which means they have proper ventilation and points of egress, as defined by your local building code. Simply partitioning off a space for a bedroom in an otherwise unfinished basement that isn’t a legal living space won’t affect your appraisal value.

The Mitchell, IN homeowners’ guide to property appraisals

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