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Avatar for New England Home Renovations LLC
New England Home Renovations LLC
4.0(
311
)
Appraisal - Real Estate

Serving Etna, ME and surrounding areas

In business since 1983

Free estimates

Emergency services offered

"Richard was amazing. We had been away from home for several months and returned to a complete nightmare in our basement. The entire floor was buckled in the two rooms on the finished side of the space and there was black mold growing up all the walls. I called NE Renovations after reading their reviews on Angie's list and within a few hours Richard, the owner of the company, was at my house assessing the situation. He informed me that the problem was caused by a failing water tank on my furnace, which seemed obvious after he said it, but would have never occurred to me. He let me know that my homeowners insurance would likely cover the damage, again something I had never considered, and then offered to work with my adjuster. From the moment I hired NE Renovations to do the work, Richard was available to deal with anything that came up. I've worked with a lot of contractors over the years and have never had an experience like this. Richard was there when the adjuster did the inspection, undoubtedly paving the way for the smooth experience we had with our claim and communicated with us every step of the way to make sure we understood what was happening and why. Because they were dealing with mold removal, an extreme amount of care went into the demolition process and Richard always kept us informed about the safety of the environment. He always followed through on what he said he would do when he said he would do it. His team was skilled, professional and considerate. They used high quality materials and did high quality work. Our basement looks better than it ever did before the damage occurred. I can't imagine how the experience could have been better. We will never use another company to do work that NE Renovations can do."
Before
After's
New boiler install
Removal of cast Iron to PVC.
Additional Photos

+37

Recommended by89%of homeowners
Avatar for Alliance Home Inspectors
Alliance Home Inspectors
4.8(
4
)
Appraisal - Real Estate

Serving Etna, ME and surrounding areas

In business since 2004

Free estimates

Emergency services offered

Professional leading company that serves most of Maine for Home Inspection needs. We offer general home inspections, water testing, radon testing, mold testing and more. Our company will focus on your needs while helping you through your home buying process. With a Grade A customer satisfaction we will put our skills to work to set your mind at ease.

Additional Photos
Recommended by75%of homeowners
Property Appraiser questions, answered by experts

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.

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.

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.

In most cases, selling a home in as-is condition will lead to a sale price that’s somewhere between 10% and 30% lower than normal. However, it’s often worthwhile to sell at a loss because the alternative would be to pay for the repairs yourself, which could end up costing you more. Even if they didn’t, selling as-is saves you from the time and energy you’d spend coordinating the repairs.

A property valuation, sometimes called a comparative market analysis or CMA, provides a real estate expert’s opinion on how much your property will sell for. It takes many things into consideration, like the condition and location of the home, but ultimately, all that matters for a property valuation is what a buyer might be willing to pay for the property. An appraisal is more concerned with determining the value. A valuation is to estimate what you’ll get for a property, while an appraisal helps a lender establish loan-to-value ratios and loan amounts.

The Etna, ME homeowners’ guide to property appraisals

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