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Avatar for Akrivis Real Estate Valuations
Akrivis Real Estate Valuations
4.3(
45
)
Appraisal - Real Estate

Serving Mayfield, KY and surrounding areas

Approved (Corporate)

In business since 2018

Credit card accepted

Offers commercial services

"Hired to do valuation of a manufactured home - not on land. Gave appraisal comparison properties included land. therefore not an accurate valuation. Thought salesperson understood nuance."
Restaurant
Response time5 hrs
Response rate89%
1632 neighbors recently requested a quote
Pritchard Appraisal Services
4.5(
15
)
Appraisal - Real Estate

Serving Mayfield, KY and surrounding areas

In business since 2000

Free estimates

"appraisal on july 5. arrived on time. professional. paperwork slow to arrive. suppose to send me a corrected page which I have yet to receive and today is july 27. Appraisal seemed low. Viewed land of property on google but did check buildings thoroughly. Prompt to arrive and receive money. Not so prompt with results."
Recommended by100%of homeowners
Greer Appraisal
New to Angi
Appraisal - Real Estate

Serving Mayfield, KY and surrounding areas

In business since 2018

Free estimates

Offers commercial services

Greer Appraisal is committed to excellence in every aspect of our business. We uphold a standard of integrity bound by fairness, honesty, and personal responsibility. Our distinction is the quality of service we bring to our customers. Accurate knowledge of our trade combined with ability is what makes us true professionals. Above all, we are watchful of our customers' interests, and make their concerns the basis of our business.

Response time20 mins
Avatar for SBG Real Property Professionals, LLC
SBG Real Property Professionals, LLC
New to Angi
Appraisal - Real Estate

Serving Mayfield, KY and surrounding areas

In business since 2004

Free estimates

We are committed to excellence in every aspect of our business. We uphold a standard of integrity bound by fairness, honesty, and personal responsibility. Our distinction is the quality of service we bring to our customers. Accurate knowledge of our trade, combined with ability, is what makes us true professionals.\n \nAbove all, we are watchful of our customers' interests and make their concerns the basis of our business.\n

Response time2 days
Property Appraiser questions, answered by experts

The cost ranges from $300 to $500, depending on the property's size and location. Due to their complexity, commercial appraisals may cost more.

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.

The average cost for a home or property appraisal is about $355, with prices typically ranging from $250 to $500. The final cost is influenced by several factors, including the property's size, age, location, and how it compares to other homes in the area. Appraisals for larger, older, or non-conforming properties often cost more. While a single-family home appraisal usually costs between $300 and $400, appraising a multi-family home can range from $500 to $1,000 due to its increased size and complexity.

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.

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.

The Mayfield, KY homeowners’ guide to property appraisals

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