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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 Shady Side, 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
Consumer Appraiser
4.5(
13
)
Appraisal - Real Estate

Serving Shady Side, MD and surrounding areas

In business since 2001

Free estimates

"David was wonderful! I needed an appraisal for estate tax purposes and he obliged to get one to me within 2 weeks although I really did not need it until end of this year. The pricing was very fair and he was thoughtful enough to send me a copy of his state license as well as his appraisers insurance policy before I needed to ask. That is quality customer service. Would I recommend using David? YES! Would I use his service again in the future? YES!"
Response time7 hrs
Recommended by90%of homeowners
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Property Appraiser questions, answered by experts

The condition and appearance of your yard can affect your home appraisal value. A well-maintained, attractive yard with curb appeal adds to a property’s value, while an overgrown, messy, poorly maintained yard can hurt your home’s appraisal. Even small cosmetic improvements to your yard, like adding mulch, trimming trees, and cleaning out plant beds, can help your appraisal value.

Land doesn’t depreciate in the same way that a house, vehicle, or other property does, but it can lose value based on various factors. Environmental changes, nearby development, zoning changes, and economic downturns can all cause land to lose value over time. Value is a comparative figure, so as other related factors change, so can land’s value.

Ideally, you’d never pay more than the appraised value for a home, but there are some instances where it makes sense to do so. For example, if your current living arrangements are no longer viable and you need a place to move into quickly, paying more than the appraised value might be in your best interest to secure a new home. Additionally, if you’re buying in a hot market, overpaying for the home might be necessary to overcome the competition.

The purpose of the home appraisal determines which party pays for it. You’re generally responsible for the cost if you need to know the current value of your home to refinance your mortgage, though in some instances the lender will pay for it. The buyer pays for the appraisal when they are applying for their mortgage.

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 Shady Side, MD homeowners’ guide to property appraisals

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