"Hired to do valuation of a manufactured home - not on land. Gave appraisal comparison properties included land. therefore not an accurate valuation. Thought salesperson understood nuance."
"Excellent communications before our appointment and honest appraisal of the property advising us to find something else needing less work (less money for him). He pointed out many things we missed in our first look at the property. Very invaluable and we will use him in the future"
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.
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.
If you can’t find any records online, you’ll need to contact your county clerk’s office to do further research. They should have property records on file, or can at least point you in the right direction of who to contact. You can also speak with your neighbors about when their houses were built because they were likely built around the same time.
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.
Whether a scullery is worth it depends on how much you like to cook and entertain. If you frequently host gatherings—a scullery is likely worth the money. If you’re looking for ROI, it’s not so clear. It may not add significant value to your home, as it doesn’t increase square footage and may repurpose space that a buyer would have preferred to remain as-is (like a laundry room).
Ensure the property is clean, provide access to all areas, and supply relevant documents, such as recent upgrades or tax records.
The Kingfield, ME homeowners’ guide to property appraisals
From average costs to expert advice, get all the answers you need to get your job done.
Home appraisals are an important part of buying or selling a home and getting a mortgage loan. Learn more about home appraisal costs and what they include.
FHA loans are backed by the government and come with specific FHA appraisal guidelines and requirements. Learn what an FHA appraisal entails in this guide.