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J Meyer Real Estate Services, Inc.
3.5(
3
)
Appraisal - Real Estate

Serving Selma, IN and surrounding areas

Approved

In business since 2000

Free estimates

Customers say: Quick response

With years in the industry as a Residential Appraiser and Residential Real Estate Broker, Jennifer Meyer of J. Meyer Real Estate Services, Inc. is the premier provider in Marion and surrounding areas of Indiana. We look forward to working with you. Give us a call today.

Response time1 day
Recommended by100%of homeowners
Canan Appraisal Company LLC
New to Angi
Appraisal - Real Estate

Serving Selma, IN and surrounding areas

In business since 2000

Free estimates

CANAN APPRAISAL COMPANY LLC is a locally owned and operated company that values honesty and integrity in all aspects of our business. Our dedicated team of professionals have several years of hands-on experience to provide innovative ideas and suggestions tailored to your projects. Our services are customized to your individual needs, paying close attention to the details of each project that we are involved with. Please feel free to contact us today!

Response time6 days
Property Appraiser questions, answered by experts

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.

Ideally, you’d never pay more than the appraised value for a home, but there are some instances where it makes sense to do so. For example, if your current living arrangements are no longer viable and you need a place to move into quickly, paying more than the appraised value might be in your best interest to secure a new home. Additionally, if you’re buying in a hot market, overpaying for the home might be necessary to overcome the competition.

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). 

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.

Both conventional loans and FHA loans are types of mortgages, but they have a few key differences. Conventional loans are backed by private lenders without any government backing, and FHA loans are guaranteed by a government agency. FHA loans are designed to be easier for borrowers with low credit scores or income to qualify for.

The Selma, IN homeowners’ guide to property appraisals

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