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Avatar for Moosa Appraisals
Moosa Appraisals
5.0(
6
)
Appraisal - Real Estate

Serving Parks, LA and surrounding areas

Approved

In business since 2007

Free estimates

Customers say: Quick response

"Amazing job -- the appraisals are fair, thorough, and accurate. I recommend Moosa Appraisals all the time and I have used Michael for over 10 years -- he is always my top choice to hire."
Response time7 hrs
Response rate86%
Recommended by100%of homeowners
JPH Appraisal Services, LLC
5.0(
1
)
Appraisal - Real Estate

Serving Parks, LA and surrounding areas

In business since 2001

Free estimates

At JPH Appraisal Services, LLC, we are your premier choice for professional appraisal services. We have provided high quality work and friendly customer service for years. We take pride in our work. We work hard to provide the best service possible with integrity and accountability. We would love to help you. Give us a call today!

Response time20 mins
Recommended by100%of homeowners
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Property Appraiser questions, answered by experts

Appraisals can come in above or below the list price or offer price for a property, and where it falls depends on many factors. Those include the condition of the property, the location, and the age of the home, but often, the condition of the market is the biggest determining factor. Where demand is high for properties, buyers compete with each other for homes, which tends to drive up offer prices above where appraisals come in. Where demand is low, you’ll often see the opposite happening.

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.

Foundation cracks won’t always affect your appraised value. All foundations crack due to normal settlement, so hairline cracks that aren’t leaking or uneven from side to side are unlikely to have an impact on your appraisal. Structural cracks, on the other hand, often lead to a reduced appraised value, especially if the underlying problem will cause the issue to worsen over time.

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.

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 Parks, LA homeowners’ guide to property appraisals

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