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Megan Craig Appraisals, LLC
5.0(
2
)
Appraisal - Real Estate

Serving Middletown, MD and surrounding areas

In business since 2010

Free estimates

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.

Recommended by100%of homeowners
Riverpoint Appraisals, LLC
4.3(
3
)
Appraisal - Real Estate

Serving Middletown, MD and surrounding areas

In business since 2005

Free estimates

Credit card accepted

Riverpoint Appraisals, LLC, is a real estate valuation firm, performing appraisals for lenders, real estate agents, lawyers, accountants and private parties. We pride ourselves on our high quality, diligently prepared and thoroughly readable appraisal reports. You can count on our experience, ethics, competence, diligence and delivery. Our business is built on these values. When it comes to making important real estate investment decisions, the more you know, the better decision you can make. Give us a call today!

Response time4 hrs
Recommended by100%of homeowners
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Property Appraiser questions, answered by experts

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.

The average cost for a home or property appraisal is about $355, with prices typically ranging from $250 to $500. The final cost is influenced by several factors, including the property's size, age, location, and how it compares to other homes in the area. Appraisals for larger, older, or non-conforming properties often cost more. While a single-family home appraisal usually costs between $300 and $400, appraising a multi-family home can range from $500 to $1,000 due to its increased size and complexity.

Installing a flagpole can improve your home’s curb appeal, so it will often have a modest positive impact on your property value. You’ll see a much larger bump in property value if you install a custom wooden flagpole than you would if you install a standard aluminum pole. Adding lighting to your flagpole will also have a positive impact on home value, as will trimming trees away from the new lawn addition.

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.

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.

The Middletown, MD homeowners’ guide to property appraisals

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