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Avatar for True Value Appraisal, Inc.
True Value Appraisal, Inc.
4.3(
35
)
Appraisal - Real Estate

Serving De Soto, MO and surrounding areas

In business since 1994

Free estimates

Credit card accepted

"This company is accommodating, responsive and flexible with their time. They provided a fair and accurate appraisal, and answered all of my questions promptly and in great detail. More than satisfied with the results."
Response time7 hrs
Response rate94%
Recommended by93%of homeowners
Avatar for Marketplace Housing
Marketplace Housing
4.3(
11
)
Appraisal - Real Estate

Serving De Soto, MO and surrounding areas

In business since 2003

Free estimates

Emergency services offered

"Office staff is always available for help. No job is too small or too big. They are responsive to our needs for service requests from roofing to foundations. All aspects of home repairs have been done professionally and in a timely manner. I would recommend Marketplace Homes for all your property management needs regarding property repairs and maintenance."
Recommended by77%of homeowners
Appraisal Advantage, Inc
5.0(
2
)
Appraisal - Real Estate

Serving De Soto, MO and surrounding areas

In business since 2003

Free estimates

Credit card accepted

Appraisal Advantage, is committed to excellence in every aspect of our business. We uphold a standard of integrity bound by fairness, honesty and personal responsibility. Our distinction is the quality of service we bring to our customers. Accurate knowledge of our trade, combined with ability is what makes us true professionals. Above all, we are watchful of our customer's interests and make their concerns the basis of our business. Please give us a call today!

Response time2 hrs
Recommended by100%of homeowners
Avatar for Patriot Appraisal Group, LLC
Patriot Appraisal Group, LLC
5.0(
1
)
Appraisal - Real Estate

Serving De Soto, MO and surrounding areas

In business since 2021

Free estimates

(Residential single-family homes ONLY) Patriot Appraisal Group is a residential real estate appraisal firm servicing lenders, real estate agents, lawyers, accountants, and the general public. Owned and operated by a former first responder & member of the Saint Louis HERO Network. We pride ourselves on our high quality, diligently prepared and thoroughly readable appraisal reports. You can count on our experience, ethics, competence, diligence, and delivery. Our business is built on these values. When it comes to making important real estate investment decisions, the more you know, the better decision you can make.

Response time8 hrs
Recommended by100%of homeowners
Avatar for Mcmillen Appraisal Consultants, LLC
Mcmillen Appraisal Consultants, LLC
5.0(
1
)
Appraisal - Real Estate

Serving De Soto, MO and surrounding areas

In business since 2012

Credit card accepted

McMillen Appraisal Consultants LLC specialize in Residential Real Estate Appraisals in the general St Louis area. James is the Owner operator and provides quick response to clients needs. His team speaks a wide variety of languages for personalized projects & clients. Their experience includes Commercial Real Estate, then Residential Real Estate, and now Appraisals.

Response time2 days
Recommended by100%of homeowners
Showing 1-10 of 11
Property Appraiser questions, answered by experts

Ideally, you’d never pay more than the appraised value for a home, but there are some instances where it makes sense to do so. For example, if your current living arrangements are no longer viable and you need a place to move into quickly, paying more than the appraised value might be in your best interest to secure a new home. Additionally, if you’re buying in a hot market, overpaying for the home might be necessary to overcome the competition.

The differences between market value and appraised value depend on the local market, so they can match, or either one can be higher than the other. In a “seller’s market,” where there is an abundance of buyers, market value will likely sit higher than the appraised value because there’s more demand for the low inventory of homes. In a “buyer’s market,” where there are more homes than there are buyers, the market value is more likely to sit below the appraised value to entice buyers.

If installing board and batten fixes an issue with the home, it could increase the value, but it isn’t commonly installed for that purpose. Board and batten is an aesthetic choice and, like most aesthetic choices, will do little to raise your home’s value. That being said, certain design elements can help attract more buyers, even if your home’s price won’t see a noticeable bump. 

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.

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). 

The De Soto, MO homeowners’ guide to property appraisals

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