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

Serving Edgecomb, 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 rate87%
Recommended by100%of homeowners
Noyes Appraisal
New to Angi
Appraisal - Real Estate

Serving Edgecomb, ME and surrounding areas

In business since 2001

Free estimates

Credit card accepted

Noyes Appraisal specializes in all types of real estate appraisals for residential clients. We have years of experience, so we know our business from top to bottom. We are detailed and quality oriented providing outstanding services to each and every project that we handle. Noyes appraisal provides superior service at a reasonable price, let us show you why consumers prefer our services above the rest. Call us today for scheduling and more information on our services.

Property Appraiser questions, answered by experts

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. 

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.

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.

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

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.

The Edgecomb, ME homeowners’ guide to property appraisals

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