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Avatar for Faulkner Appraisal Svcs
Faulkner Appraisal Svcs
5.0(
2
)

Serving Cambridge, MD and surrounding areas

In business since 1987

Free estimates

Credit card accepted

RESIDENTIAL REAL ESTATE APPRAISALS ONLY FOR OVER 30 YEARS. We specialize in providing professional real estate valuation services. Appraisal reports are prepared with the precision that the industry demands and cover all major property types. All of our assignments comply with the Uniform Standards of Professional Appraisal Practice. Consequently, we do not accept assignments with contingencies such as: The amount of the value opinion predetermined or minimum values; The attainment of a stipulated result; The occurrence of a subsequent event directly related to the appraiser's opinions and specific to the assignment results; Any assignment condition that might encourage, or result in, unethical behavior on the part of the appraiser or third parties.\n\nWe currently only offer residential appraisals, we do not offer commercial appraisals. Thank you

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Property Appraiser questions, answered by experts

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

Ensure the property is clean, provide access to all areas, and supply relevant documents, such as recent upgrades or tax records.

If installing board and batten fixes an issue with the home, it could increase the value, but it isn’t commonly installed for that purpose. Board and batten is an aesthetic choice and, like most aesthetic choices, will do little to raise your home’s value. That being said, certain design elements can help attract more buyers, even if your home’s price won’t see a noticeable bump. 

The Cambridge, MD homeowners’ guide to property appraisals

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