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Foley Appraisal, LLC
New to Angi
Appraisal - Real Estate

Serving Scipio, 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

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.

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.

Land doesn’t depreciate in the same way that a house, vehicle, or other property does, but it can lose value based on various factors. Environmental changes, nearby development, zoning changes, and economic downturns can all cause land to lose value over time. Value is a comparative figure, so as other related factors change, so can land’s value.

Your home insurance company may allow you to use an appraisal instead of an inspection when you apply for coverage. Keep in mind that despite this, an appraisal is far less detailed than the different types of home inspections available and may not reveal potential risks that you’ll want to know about.

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

The Scipio, IN homeowners’ guide to property appraisals

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