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Property Appraiser questions, answered by experts

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

Both conventional loans and FHA loans are types of mortgages, but they have a few key differences. Conventional loans are backed by private lenders without any government backing, and FHA loans are guaranteed by a government agency. FHA loans are designed to be easier for borrowers with low credit scores or income to qualify for.

Ensure the property is clean, provide access to all areas, and supply relevant documents, such as recent upgrades or tax records.

The cost ranges from $300 to $500, depending on the property's size and location. Due to their complexity, commercial appraisals may cost more.

An FHA appraisal is valid for 180 days from the effective date of the report. In some cases, you can have the appraisal recertified if you make your request before the original expires so that you still may obtain an FHA loan. If approved, your appraisal update is valid for one year.

The Cadet, MO homeowners’ guide to property appraisals

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