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Avatar for Faulkner Appraisal Svcs
Faulkner Appraisal Svcs
5.0(
2
)
Appraisal - Real Estate

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

Typically during transactions or refinancing, or whenever significant improvements are made.

Depending on the size of the home, the appraisal itself can take several hours. After the appraiser’s visit is complete, it can take between a few days and a few weeks to get the report back. This timeline is largely dependent on the appraiser’s workload, research requirements, efficiency, and other factors.

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.

A comprehensive smart home system can be really attractive to buyers and increase the value of your property. Components such as a smart security system, smart lawn and garden systems, and smart appliances can all drive up the value of your property.

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 Preston, MD homeowners’ guide to property appraisals

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