"Hired to do valuation of a manufactured home - not on land. Gave appraisal comparison properties included land. therefore not an accurate valuation. Thought salesperson understood nuance."
"The appraiser was efficient, knowledgeable and was able to answer the many questions I had. The process did not take long and I had the formal appraisal emailed to me within 48 hours."
"Do yourself a favor, and if you need an agent, select Cindy. When Cindy heard I was trying to sell the out of state property of my deceased Dad, she stepped into the picture- from a distance- to touch base with me throughout the process. This is the consummate professional with a fabulous sense of humor as well. Just as an unsolicited advisor she volunteered more useful strategies and information than my NY realtor. She is a powerful professional to have advising you."
"Mr. Murphy arrived promptly and went through the house with a "fine tooth comb"! He obviously has tremedous knowledge and carries all the tools necessary to investigate every corner of the residence, from the attic to the crawl space. We were able to proceed with the purchase of our home knowing there were only a few very minor issues to deal with. We were also very impressed with his appraisal value for our home. It came within dollars of the bank's appraisal. Mr. Murphy is knowledgeable, efficient and helpful. We are most pleased with his service.
"Marketplace Homes has managed two residential rental properties for me, and everything has always been very easy. They coordinate showings, negotiated rent with tenants, and hired contractors as needed at each property. I would use them for any rental property I have in the future!"
At Megan Craig Appraisals, we take great pride in our experience, expertise, quality and customer service that we provide to meet the consumer's needs. It is our mission to provide excellent workmanship and complete customer satisfaction from start to completion of a project. In order to understand the needs and expectations of our customers, we take great care to work and communicate with every customer in a professional manner. Our reputation is based on service, safety and quality, regardless of how large or small the job.
Ensures accurate valuation reflecting current market conditions, assisting in financial decisions.
While a finished basement adds value to your home, it is assigned a different value than space on the main floors. An appraiser will assess the square footage of a finished basement at about 50% to 60% of the value of the square footage for the rest of your home. Appraisal value for a finished basement depends on your location’s real estate market and the specifics of the basement and how it was finished.
The entire appraisal process takes from seven to 10 days. This timeline accounts for the many steps of the appraisal process, including the post-inspection report completed by the appraiser.
Home appraisal services include the following tasks:
Inspect home interior and exterior
Evaluate materials, features, fixtures, and renovations
Review comparable properties
Write an appraisal report
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
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 Indian Head, MD homeowners’ guide to property appraisals
From average costs to expert advice, get all the answers you need to get your job done.
Find out the average home appraisal cost in Washington, D.C. Learn what you can expect to pay a local property appraiser to value your real estate accurately.
FHA loans are backed by the government and come with specific FHA appraisal guidelines and requirements. Learn what an FHA appraisal entails in this guide.