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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

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.

An FHA appraisal is valid for 180 days from the effective date of the report. In some cases, you can have the appraisal recertified if you make your request before the original expires so that you still may obtain an FHA loan. If approved, your appraisal update is valid for one year.

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.

The cost to appraise a home depends on the type. Common types include:

  • Single-family homes: $300–$400

  • FHA or VA single-family homes: $400–$500

  • Condominium: $300–$500

  • Multi-family home: $500–$1,000

  • Apartment building: $1,500–$3,000

  • Commercial properties: $1,400–$10,000

  • Raw land: $1,000–$8,000

While some aspects of an appraisal, such as comparable properties nearby, are out of your control, there are several steps you can take to potentially increase your home's value. Make any necessary repairs and upgrades before the appraiser's visit, as they can only value what is currently part of the home, not its potential. Examples include renovating older areas, updating landscaping to boost curb appeal, and staging your home. You can also provide the appraiser with the cost of recent upgrades, which may increase your home's value by about 50% or more of what you paid for those improvements.

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.