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Avatar for The Yungmann Group of Keller Williams Integrity
The Yungmann Group of Keller Williams Integrity
5.0(
25
)
Appraisal - Real Estate

Serving Deale, MD and surrounding areas

In business since 2004

Emergency services offered

"I wasn’t rushing into my home purchase and David was patient during the two years it took to land my home. I wasn’t sure what I wanted at the outset and David encouraged me to see a variety of property types and conditions. That helped hone in on what I wanted and we submitted a couple of offers  along the way. The whole experience informed me of what was important to me and emphasized the need to act fast. So when a home I really liked went on the market just as I was headed out of town, David and I developed a strategy to make sure I didn’t lose out. Six months later and I still smile and think how much I love my new home every time I open the front door. (And I have great neighbors, too.) On top of his real estate expertise and familiarity with the area, David also leverages the technology to complete a contract quickly online. He took the time to answer every question and really walked me through the home-buying process."
Townhome
Luxury Home
Single Family Detached
Recommended by100%of homeowners
Avatar for Jackson Appraisal Group
Jackson Appraisal Group
4.1(
19
)
Appraisal - Real Estate

Serving Deale, MD and surrounding areas

In business since 2012

Free estimates

Credit card accepted

"I recently hired the Jackson Appraisal Group to help me reduce my property tax bill and I couldn't be happier with the results. The appraiser was professional, knowledgeable, and efficient throughout the process. From the initial consultation, Christian Jackson listened carefully to my concerns and explained the process in a way that was easy to understand. They also provided valuable insights into the local real estate market and helped me understand how my property fit into that market. As the appraisal process moved forward, Christian was always prompt in responding to my questions and requests for updates. He provided thorough and detailed reports that clearly explained the value of my property and how it was determined. Ultimately, the appraisal helped me successfully appeal my property tax bill and resulted in a significant reduction in the amount I owed. I would highly recommend Jackson Appraisal Group to anyone looking to reduce their property tax bill or simply get a better understanding of the value of their property."
Response time1 day
Recommended by88%of homeowners
Avatar for Central Lending Svc Inc dba Credit Central
Central Lending Svc Inc dba Credit Central
4.8(
72
)
Appraisal - Real Estate

Serving Deale, MD and surrounding areas

In business since 2003

Emergency services offered

"I can't thank Mark enough for being a voice of reason who stepped in to help us deal with a tricky situation.
He is a straight forward, smart guy who cares about his clients. And that's not to say he doesn't care about the bottom line, too. He got us the best rate out of the three lenders we spoke with, and he made sure we understood exactly what we our options were.
He is extremely responsive and quick -  and you cannot underestimate the degree to which hustle can matter in housing transactions. He's an all-around gem, so glad we found him.
"
Additional Photos
Recommended by100%of homeowners
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Property Appraiser questions, answered by experts

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.

Some appraisers hold a Member of the Appraisal Institute designation. This accolade is the highest credential property appraisers can earn. An MAI appraisal is typically used for commercial properties.

While your lender will likely recommend an appraiser, you can also hire a professional home appraiser on your own. Choose someone who is experienced in your type of residential property, and ensure they hold all of the necessary credentials that your state or region requires.

Your home insurance company may allow you to use an appraisal instead of an inspection when you apply for coverage. Keep in mind that despite this, an appraisal is far less detailed than the different types of home inspections available and may not reveal potential risks that you’ll want to know about.

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.

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.

The Deale, MD homeowners’ guide to property appraisals

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