What happens if the appraisal is lower than the offer?

• <div><p>If the value of the home you want to buy is appraised at less than the price of the offer, you may not be able to obtain a loan for the offer amount. Lenders want to ensure that the amount they’re lending isn’t more than the market value of the property, so you may have to increase your down payment to reduce the loan amount or get a second appraisal if you still want to proceed with the purchase.</p></div>

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Q: How do appraisers adjust for a finished basement?

• <div><p>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&rsquo;s real estate market and the specifics of the basement and how it was finished. </p></div>

Q: Does an awning add value to a house?

• <div><p>Although the exact return on your investment will depend on the size, style, and quality of your awning, in general, awnings do add resale value to a house by providing more usable space. If an awning doesn&rsquo;t do much in the way of monetary gains due to its low installation costs, it promises to provide an excellent appeal factor to a potential home buyer. </p></div>

Q: Does the age of my home impact its value?

• <div><p>Yes, the age of your home can impact its value. However, age is just one of many factors that will have an effect. An older home may be perceived as needing more work and maintenance, but if you&rsquo;ve kept up with repairs or done any renovations, this will increase its value. Buyers will also consider the size of the house, location, and how nearby homes are priced. Lastly, value also depends on whether it&rsquo;s a buyer or seller&rsquo;s market. </p></div>

Q: What’s the difference between a home inspection and home appraisal?

• <div><p>The main <a href="https://www.angi.com/articles/whats-included-home-inspection-report.htm">purpose of a home inspection is</a> to assess the overall condition of a home. It looks at major systems, like electrical and plumbing, and considers the long-term safety of the home. In contrast, a home appraisal sets out to estimate a home&rsquo;s fair market value, often for lending purposes. At about $350, a <a href="https://www.angi.com/articles/how-much-does-home-appraisal-cost.htm">home appraisal costs</a> about the same as an average home inspection. </p></div>

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Verified Reviews for Real Estate Service pros in West Enfield, ME

*The Angi rating for Real Estate Service companies in West Enfield, ME is a rating based on verified reviews from our community of homeowners who have used these pros to meet their Real Estate Service needs.

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Last update on November 22, 2025

Reviewed in November 2013
Beverly & Doug were great! We heard from them a couple times a week and checking in with us. They were always available to answer a call or email from us. Beverly did a market analysis and helped us set a price for our home. She really is good at what she does because the house sold right away....
John L. Scott Real Estate
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Reviewed in October 2014
He gave a very believable evaluation of the property based on the (partially erroneous) description given to him.
Drum & Drum Real Estate
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Reviewed in February 2011
She came to all of the meetings. While at those she gave some input, made some comments, and made some good recommendations. I thought it was very nice of her to take the time to come to that. Yeah, she is going to make a commission if I go forward, but this is above and beyond. She calls me...
FONTAINE FAMILY - THE REAL ESTATE LEADER
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Reviewed in August 2013
Our journey with Jason Smith began in San Diego, California. We were looking to relocate in Machias, Maine and found a lovely home in East Machias. Although this house was purchased by the existing tenants, it lead us to the eventual purchase of our dream home in Machias. Jason personally...
Points East Real Estate
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Reviewed in December 2013
We listed the property right around Labor Day and the final papers were signed on October 29. This is an exceptionally quick turn for such a sale. With 4 showings we had 3 offers. We had spent considerable time renovating and updating this home to prepare it for market so it did make the...
CENTURY 21 Nason Realty
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Reviewed in November 2014
Our house did not sell for two contracted listing periods. The market here is terrible, which is no fault of Re/Max, but we felt frustrated by the lack of communication and feedback from viewings (all conducted by buyer's agents, none by our listing agent) and the nagging feeling that we were...
RE/MAX Capital
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Reviewed in March 2012
Right now I would tell people to stay away from them. I am currently involved in litigation with them over the deal. They were called "Yankee Realty" when I had dealings with them.
Central Maine Wreath
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Reviewed in October 2013
We hired Wilkinson in February to manage one of our homes. The process for listing our property with them was about the only thing that went well. After finding our tenants, it seems things went down hill badly from there. After about 2 months, the first property manager quit. She notified...
WILKINSON & ASSOC REAL ESTATE ERA
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Ward Cedar Log Homes

Ward Cedar Log Homes

CreditGuard of America

CreditGuard of America

Maine Land Broker

Maine Land Broker

Tammy Smith Real Estate

Tammy Smith Real Estate

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Waterfront Vacation Rental

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CALAMITY DAVES

Acadia Realty Group

Acadia Realty Group

RIZZO MATTSON REALTORS

RIZZO MATTSON REALTORS

United Country McPhail Realty

United Country McPhail Realty

Property Keepers Inc

Property Keepers Inc

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