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TRUSTED BY LYON, MI HOMEOWNERS

  • Average homeowner rating star icon4.6
    Average homeowner rating
  • Verified reviews icon51
    Verified property appraisals reviews

Find Property appraisers in Lyon

Avatar for Greg Bagnik
Greg Bagnik
4.7(
375
)

Serving Lyon, MI and surrounding areas

In business since 1998

Free estimates

Credit card accepted

"Greg was very quick to respond to our initial inquiry. Scheduling the appraisal was smooth and easy, he met us promptly on the date/time agreed. He completed the appraisal and report very efficiently. We feel his work was excellent and the cost very reasonable. He is easy to correspond with; via phone, text, and email., We would definitely contact him again for any future appraisal needs."
Response time10 mins
Response rate100%
Recommended by96%of homeowners
Avatar for Stocks Home Inspection
Stocks Home Inspection
5.0(
133
)

Serving Lyon, MI and surrounding areas

In business since 2000

Free estimates

Credit card accepted

"Darrul was professional, communicative, efficient, and personable during the inspections of both properties. He arrived 15 minutes before scheduled inspection, wore shoe coverings during in-home inspection to avoid tracking, and gave honest advice about home improvement. A full report was ready by day's end with detailed photos identifying areas that needed attention."
Recommended by99%of homeowners
Avatar for At ease home inspection
At ease home inspection
5.0(
9
)

Serving Lyon, MI and surrounding areas

In business since 2017

Free estimates

Emergency services offered

"Called At Ease Home Inspection with little notice regarding a home inspection that I needed for a new home. Brandon was able to come out the following day first thing in the morning. He provided a through home inspection for a great price. I would definitely recommended At Ease Home Inspection to friends and family for the quality and price, you can not go wrong."
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Recommended by100%of homeowners
Avatar for Advanced Appraisals
Advanced Appraisals
4.1(
24
)

Serving Lyon, MI and surrounding areas

In business since 2001

Free estimates

"I left a message. I got a return call within the hour. The appraisal was scheduled for the next day. He called to say he was 20 minutes behind but on his way. He came, did the appraisal and I got my written copy within 10 days!"
Response time4 hrs
Recommended by86%of homeowners
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Property Appraiser questions, answered by experts

The cost to appraise a home depends on the type. Common types include:

  • Single-family homes: $300–$400

  • FHA or VA single-family homes: $400–$500

  • Condominium: $300–$500

  • Multi-family home: $500–$1,000

  • Apartment building: $1,500–$3,000

  • Commercial properties: $1,400–$10,000

  • Raw land: $1,000–$8,000

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.

Appraisals are not mandatory but are helpful for pricing accuracy and negotiation purposes.

While there’s technically no limit to the dollar amount you can borrow for a home addition, the standard limit is around 80% of the value the addition is expected to add to your home. That means you could feasibly borrow up to $80,000 if an appraiser determines that the addition or bump out will add $100,000 in value to your property. You might also be limited by your debt-to-income ratio or credit score.

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. 

The Lyon, MI homeowners’ guide to property appraisals

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