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Avatar for Kenny Babin, Realtor
Kenny Babin, Realtor
5.0(
4
)
Appraisal - Real Estate

Serving Wilson, LA and surrounding areas

"As a first time home buyer, I had no experience or knowledge as to purchasing a home. Kenny Babin was able to answer any question that I had. He showed different types of properties and made sure that I was able to make a decision using all the information available. Kenny Babin was courteous, professional and patient with my questions. I will definitely be calling him, should I ever need a realtor again!"
Recommended by100%of homeowners
Avatar for Pennant Real Estate
Pennant Real Estate
5.0(
1
)
Appraisal - Real Estate

Serving Wilson, LA and surrounding areas

In business since 2007

Credit card accepted

"When my wife and I were ready to choose a realtor to represent us in the purchase of a home, we contacted the Dave Ramsay organization for a list of their "endorsed local providers".  We were contacted immediately by Mr. Leo Desselle of Pennant Real Estate. After speaking to Leo and two other highly referred local realtors, we both felt very good about proceeding with Pennant Realty. We began the process in September, and closed on New Years Eve. Throughout the entire process, Leo was available, informative, proactive, knowledgeable, pleasant and patient. We could not be more pleased that we had the good fortune to go through this process with a professional as competent and kind as Mr. Desselle and Pennant Real Estate.
"
Recommended by100%of homeowners
Property Appraiser questions, answered by experts

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.

Yes, the age of your home can impact its value. However, age is just one of many factors that will have an effect. An older home may be perceived as needing more work and maintenance, but if you’ve kept up with repairs or done any renovations, this will increase its value. Buyers will also consider the size of the house, location, and how nearby homes are priced. Lastly, value also depends on whether it’s a buyer or seller’s market.

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.

In most cases, you can expect home automation to boost your home value. This technology makes the homeowner’s life easier and more comfortable, and some provide increased safety and protection. Buyers will likely recognize value in security systems and utility monitors, as well as comfort-focused upgrades that save on electric bills while keeping interior rooms at the desired temperature and humidity. On average, you can expect a 50% and 75% return on investment on home automation services, and potentially even more if the automation reduces homeowner’s insurance.

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 Wilson, LA homeowners’ guide to property appraisals

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