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Avatar for The Maine Appraisal Company
The Maine Appraisal Company
4.8(
7
)
Appraisal - Real Estate

Serving Augusta, ME and surrounding areas

Approved

In business since 2021

Free estimates

Credit card accepted

"Thom, arrived at our home at the time he said he would. We received the full written appraisal exactly when we told we would have it. It was thorough, clear to read and to understand, the comps were very well matched, and the appraisal was very comprehensive. The day after receiving the appraisal, re-reading it over again, we had a few questions to ask Thom. We received a call back w/in a few hrs and were given ample time to ask all our questions and Thom gave us clear answers and we received full understanding of a few aspects of the appraisal. Highly recommend Maine Appraisal Company to anyone looking for a complete and thorough appraisal. Thom was a pleasure to work with."
Response time1 day
Response rate92%
Recommended by100%of homeowners
Property Appraiser questions, answered by experts

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

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.

Around 1-2 weeks, including inspection and reporting time for an official evaluation.

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.

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 Augusta, ME homeowners’ guide to property appraisals

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