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Mid America Land Services
Mid America Land Services
Jim has spent over 25 years as a real estate broker, loan broker, and real estate appraiser. Prior to this, he worked with a mortgage banking company as well as the Federal Land Bank. He served for three years as a member of the Missouri Real Estate Appraisers Commission.
Jim has spent over 25 years as a real estate broker, loan broker, and real estate appraiser. Prior to this, he worked with a mortgage banking company as well as the Federal Land Bank. He served for three years as a member of the Missouri Real Estate Appraisers Commission.
THE SPARKS CO
THE SPARKS CO
COST IS DETERMINED BY JOB.
COST IS DETERMINED BY JOB.
FAQs for property appraisal projects in Higbee, MO
An appraisal is an opinion of value, so anything that is expected to boost your home value is likely to work in your favor when it comes to the appraisal. Things like improving your curb appeal, painting, refinishing floors, and taking care of minor repairs are all good investments prior to ordering an appraisal. It’s also a good idea to clear out any clutter and complete a deep clean beforehand to show your property in the best light possible.
Appraisals aren’t required by law to complete a real estate transaction, but it’s unlikely that a lender will allow a buyer to close on a property without an appraisal, so, effectively, they are usually required. Your mortgage lender uses the property as collateral for your loan, and the appraisal is what the lender will base the mortgage on to confirm the value is there to justify their investment.
The average cost of a property appraisal is around $355, but different appraisers in your area could charge anywhere from $250 to $500. Appraisals for larger properties will often cost more, as will valuations for older properties. Appraisers will use homes in the surrounding area to help determine a valuation as well, so if your home doesn’t conform to the neighborhood standards, the valuation will require more work and will likely cost more.
A licensed appraiser is the only individual that can carry out a property appraisal. You should always check to ensure an appraiser you’re considering has the proper licensing from your state. Additionally, since an appraisal is meant to be an unbiased opinion of a property’s value, you should confirm that the appraiser doesn’t have ties to any other party in the sale of the property.
Anyone can hire a property appraiser to confirm the inherent value of a property, but the buyer or buyer’s lender will usually choose the appraiser and pay the individual for their opinion. It’s also not uncommon for the seller’s side in a real estate transaction to hire an appraiser in order to justify an asking price or negotiate a higher selling price.
The Higbee, MO homeowners’ guide to property appraisals
From average costs to expert advice, get all the answers you need to get your job done.
Wondering how to improve the appraisal value of your home? Use these tips to maximize return on investment and boost your property value before you sell.
Home appraisals typically expire in just a few months. Learn how long an appraisal is good for and what factors affect its longevity.
FHA loans are backed by the government and come with specific FHA appraisal guidelines and requirements. Learn what an FHA appraisal entails in this guide.
A home appraisal determines your property’s value and is necessary for most real estate transactions. Learn more about home appraisals and why they matter.
A home appraisal determines the value of your home when buying or selling. Learn more about common types of real estate appraisals.
Preparing for a home appraisal and making sure everything is in order can be stressful. Use this home appraisal checklist to make your life easier.
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