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Anderson Appraisals
5.0(
1
)
Appraisal - Real Estate

Serving Potts Camp, MS and surrounding areas

In business since 2006

Free estimates

We are a locally owned and operated appraisal company that provides a quality product by a certified appraiser. We specialize in private market appraisals for estate valuations, for sale by owner, prelistings, and more. We have been based out of the Pontotoc area for over 15 years. We are highly familiar with property values and will give you the accurate and detailed report you need. Please call for availability ourside of listed business hours.

Response time4 hrs
Response rate100%
Recommended by100%of homeowners
Property Appraiser questions, answered by experts

Yes, the age of your home can impact its value. However, age is just one of many factors that will have an effect. An older home may be perceived as needing more work and maintenance, but if you’ve kept up with repairs or done any renovations, this will increase its value. Buyers will also consider the size of the house, location, and how nearby homes are priced. Lastly, value also depends on whether it’s a buyer or seller’s market.

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.

In most cases, selling a home in as-is condition will lead to a sale price that’s somewhere between 10% and 30% lower than normal. However, it’s often worthwhile to sell at a loss because the alternative would be to pay for the repairs yourself, which could end up costing you more. Even if they didn’t, selling as-is saves you from the time and energy you’d spend coordinating the repairs.

A comprehensive smart home system can be really attractive to buyers and increase the value of your property. Components such as a smart security system, smart lawn and garden systems, and smart appliances can all drive up the value of your property.

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 Potts Camp, MS homeowners’ guide to property appraisals

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