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KornTeam Real Estate Service
New to Angi
Appraisal - Real Estate

Serving Lawson, MO and surrounding areas

Free estimates

Emergency services offered

Offers commercial services

Curious about the value of your property and what the "on market" value might be? Better than an appraisal, with over 34 years experience and over 3,000 sales I can give you the current market value that consumers would be willing to pay to ensure you don't underprice your property when you sell or overpay when you buy.

Top 250
River Crest Appraisals, LLC
New to Angi
Appraisal - Real Estate

Serving Lawson, MO and surrounding areas

In business since 2013

Free estimates

At River Crest Appraisals, LLC, we specialize in providing professional real estate valuation services. Appraisal reports are prepared with the precision that the industry demands. All of our assignments comply with the Uniform Standards of Professional Appraisal Practice. We appraise all types of residential properties including single family, acreages, condominiums, 2-4 family investment properties, vacant lots and high-end lakefront dwellings. With over 10 years of appraisal experience serving Missouri communities, River Crest Appraisals has built its business on integrity, honesty and accuracy. Call us today!

Response time4 hrs
Property Appraiser questions, answered by experts

The purpose of the home appraisal determines which party pays for it. You’re generally responsible for the cost if you need to know the current value of your home to refinance your mortgage, though in some instances the lender will pay for it. The buyer pays for the appraisal when they are applying for their mortgage.

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.

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.

While some aspects of an appraisal, such as comparable properties nearby, are out of your control, there are several steps you can take to potentially increase your home's value. Make any necessary repairs and upgrades before the appraiser's visit, as they can only value what is currently part of the home, not its potential. Examples include renovating older areas, updating landscaping to boost curb appeal, and staging your home. You can also provide the appraiser with the cost of recent upgrades, which may increase your home's value by about 50% or more of what you paid for those improvements.

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.

The Lawson, MO homeowners’ guide to property appraisals

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