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Avatar for Marilyn & Company/Keller Williams Realty Boston Southwest
Marilyn & Company/Keller Williams Realty Boston Southwest
5.0(
101
)
Appraisal - General

Serving Florence, MA and surrounding areas

Approved

In business since 2004

Free estimates

Emergency services offered

"The real estate world is crazy and Marilyn walked us through the process with clarity and ease. She encouraged us to sell sooner than we planned and she was right. She knows the market. Her market expertise put much of our uncertainty to rest. Even more so, we witnessed her negotiation skills in action when she was able to bring in significantly more than what we originally anticipated. The price of a realtor is worth it...Marilyn (and her team) is worth 2x her cost. We can't recommend her enough."
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Antiques and Jewelry Appraisals 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.

Ensures accurate valuation reflecting current market conditions, assisting in financial decisions.

Whether a scullery is worth it depends on how much you like to cook and entertain. If you frequently host gatherings—a scullery is likely worth the money. If you’re looking for ROI, it’s not so clear. It may not add significant value to your home, as it doesn’t increase square footage and may repurpose space that a buyer would have preferred to remain as-is (like a laundry room). 

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.

In cases where an appraisal comes in lower than an offer price, sellers might opt to lower their asking price to meet the appraisal, especially if the market is slow, and replacing the offer with a higher one may take a long time. Sellers can also offer to make repairs to boost the appraised value, hire another appraiser to get a second opinion, or just move on to another offer that isn’t contingent on the buyer getting a mortgage or an appraisal inspection.

The Florence, MA homeowners’ guide to antique and jewelry appraisals

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