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Avatar for Choice Home Warranty
Choice Home Warranty
4.0(
5,678
)
Appraisal - Real Estate

Serving Shell Knob, MO and surrounding areas

In business since 2008

Emergency services offered

Credit card accepted

"I had great service! The agent who did the faucets was very polite, and professional. He did a great job, our faucets are nice and sturdy. On the washing machine issue, the agents that arrived were also polite and professional. The agent said that the machine needed to be replaced. Fortunately, the coverage I had allowed me to be approved to purchase a new one! I guess I made the right (CHOICE HWS)"
Recommended by81%of homeowners
Avatar for Kathryn Cole, REALTOR
Kathryn Cole, REALTOR
New to Angi
Appraisal - Real Estate

Serving Shell Knob, MO and surrounding areas

I'm Kathryn, and I love helping home buyers and sellers in Southwest Missouri achieve their real estate goals. If you're ready to buy dream home, purchase land to build your dream home on, find a starter home, help a family member downsize, or whatever the case may be, give me a call. I'm energetic, have new marketing ideas, and maintain a flexible schedule to meet the needs of my clients! Looking forward to hearing from you soon!

Real Estate Agents questions, answered by experts

If a home's appraised value comes in lower than the offer price, it can create complications with financing. Lenders typically won't issue a loan for more than the property's market value, as this can push the loan-to-value (LTV) ratio too high and may prevent the loan from being approved. Your options depend on whether your purchase agreement includes an appraisal contingency. If there is no contingency, both parties may be locked into the deal, meaning the buyer pays more than the appraised value. If a contingency exists, the buyer can usually renegotiate the price or withdraw from the deal. If a buyer still wishes to proceed, they can try to negotiate a lower price, increase their down payment to cover the difference, or get a second appraisal.

Craftsman-style homes are predominantly found in the Western United States, specifically in Southern California, where the style originated. Since the climate was mild and there was access to plenty of natural resources, Southern California became a hub for this style at its inception. That being said, if you consult with an architect near you, you can have a Craftsman-style home anywhere.

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.

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.

An A-frame home can be cheaper to build than a traditional house, but that is not always a given. Prices can be fairly similar in some cases, depending on the location, design, and necessary site preparation. Costs for an A-frame typically run between $100 to $200 per square foot, which is comparable to the cost of a traditional home. The cost of an A-frame can come in under those numbers if you opt for a prefabricated kit.

The Shell Knob, MO homeowners’ guide to real estate services

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