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Avatar for Erin Wallace Appraisal Service
Erin Wallace Appraisal Service
3.9(
30
)

Serving Preston, MD and surrounding areas

In business since 2000

Free estimates

Emergency services offered

"Mr. Wallace did the appraisal as thorough as was expected. He was punctual, professional , pleasant to work with . I would suggest him to friends & neighbors."
WATERFRONTAGE
VIEWS
SHORE LINE
POOL
FRONT

+3

Response time1 day
Response rate94%
Recommended by88%of homeowners
Avatar for Faulkner Appraisal Svcs
Faulkner Appraisal Svcs
5.0(
2
)

Serving Preston, 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

Response time1 day
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.

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. 

Yes, experienced appraisers handle a variety of property types with tailored methods.

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

The Preston, MD homeowners’ guide to property appraisals

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