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Avatar for Parkway Appraisals, Inc.
Parkway Appraisals, Inc.
4.8(
67
)
Appraisal - Real Estate

Serving Independence, MN and surrounding areas

Approved

Super Service Award Winner

In business since 2008

Free estimates

Credit card accepted

"Tim was great. Very friendly, punctual, good customer service. The actual property appraisal itself (very subjective in nature), I felt, was quite low in value compared to what I expected. I was expecting my property to appraise much higher. Thankfully, I stuck with my gut when listing my home for sale."
Response time11 hrs
30 neighbors recently requested a quote
Recommended by92%of homeowners
Avatar for Mill City Appraisals, LLC
Mill City Appraisals, LLC
4.7(
16
)
Appraisal - Real Estate

Serving Independence, MN and surrounding areas

Approved

In business since 2021

Free estimates

Credit card accepted

"Kyle did a great job. He came in with a credible appraisal that allowed us to avoid an outrageously high proposed increase in valuation. We were the able to work with the city to agree on a "concurrence" - an agreed valuation. He also was very respectful of us and our property while doing the appraisal."
Response time4 hrs
5 neighbors recently requested a quote
Recommended by100%of homeowners
Land Plus Appraisals
5.0(
4
)
Appraisal - Real Estate

Serving Independence, MN and surrounding areas

In business since 2018

Free estimates

Offers commercial services

We are a locally owned and operated company that values honesty and integrity and treats your home as if it were our own. We offer Appraisal and Home Inspection services that are customizable to each individual project. You will find us to be competitively priced, paying close attention to the details of each and every project that we are involved with. We look forward to building lasting relationships and guarantee your satisfaction!

Response time6 hrs
Recommended by100%of homeowners
Avatar for Edge Home Finance
Edge Home Finance
5.0(
27
)
Appraisal - Real Estate

Serving Independence, MN and surrounding areas

In business since 2011

Free estimates

Emergency services offered

"We worked with Tom at Edge Home Finance after our first lender gave us some difficulty with the appraisal. Tom coordinated a new appraisal and had the loan ready to close in record time. There weren't any snags in the underwriting process and communication was fast and accurate."
Recommended by100%of homeowners
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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.

Costs depend on the property size, audit complexity, and whether additional testing (e.g., blower door) is included.

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’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’s a buyer or seller’s market.

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.

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

The Independence, MN homeowners’ guide to property appraisals

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