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MARKETING & CONSULTANT SERVICES INC.

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MARKETING & CONSULTANT SERVICES INC.

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45 years of experience

For company information, please check our website @ www.marketingconsult.com. John Harris, President of Marketing & Consultant Services, Inc., has over 30 years of counseling experience. HIs offices are located at 2014 W. 13th St. North, Wichita, Kansas 67203. He has owns several successful businesses and holds a Master of Business Administration Degree. He has operated both nationally and internationally in appraisal and brokerage and currently teaches appraisal technique in business and machinery for several national firms. He is a member of Certified Business Counselors, the Institute of Business Appraisers and the American Society of Appraisers.

For company information, please check our website @ www.marketingconsult.com. John Harris, President of Marketing & Consultant Services, Inc., has over 30 years of counseling experience. HIs offices are located at 2014 W. 13th St. North, Wichita, Kansas 67203. He has owns several successful businesses and holds a Master of Business Administration Degree. He has operated both nationally and internationally in appraisal and brokerage and currently teaches appraisal technique in business and machinery for several national firms. He is a member of Certified Business Counselors, the Institute of Business Appraisers and the American Society of Appraisers.

Property Appraiser questions, answered by experts

In short, yes, a pond can add to your home’s value. However, whether it adds value will depend on the condition and aesthetic of your pond. Having this feature already built into a yard’s home can be appealing to homebuyers who value its aesthetic and would prefer not to build it themselves. But if it is not kept in good condition, it could turn buyers away.

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.

Some appraisers hold a Member of the Appraisal Institute designation. This accolade is the highest credential property appraisers can earn. An MAI appraisal is typically used for commercial properties.

While your lender will likely recommend an appraiser, you can also hire a professional home appraiser on your own. Choose someone who is experienced in your type of residential property, and ensure they hold all of the necessary credentials that your state or region requires.

The purpose of the home appraisal determines which party pays for it. You’re generally responsible for the cost if you need to know the current value of your home to refinance your mortgage, though in some instances the lender will pay for it. The buyer pays for the appraisal when they are applying for their mortgage.

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

The Caldwell, KS homeowners’ guide to property appraisals

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