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Anderson Appraisals
5.0(
1
)
Appraisal - Real Estate

Serving Saltillo, 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
Avatar for Thompson Appraisal Company
Thompson Appraisal Company
5.0(
1
)
Appraisal - Real Estate

Serving Saltillo, MS and surrounding areas

In business since 2019

Free estimates

Thompson Appraisal Company LLC, is a reputable appraisal company that specializes in residential real estate and property valuations. We are experienced with divorce proceedings, pre-listings, and tax appeals. Founded in 2019, we strive to exceed your expectations, always paying close attention to the specific needs of each individual or company with whom we work. We look forward to building long-term relationships with our clients, and we hope you will be one of them. We do not perform appraisals for refinancing of a home or the purchase of a home if the home will be financed through a bank. Our appraisal services are strictly for obtaining market values for individuals homes/land as well as if you have the means to purchase a home in cash. Any financing needed, you will need to speak with your local banker on how to move forward. Thank you for your consideration, and we look forward to hearing from you!\n\n * * * Pricing for single family home $375 - $425* * *

Response time2 days
Response rate93%
Recommended by100%of homeowners
Property Appraiser questions, answered by experts

A property valuation, sometimes called a comparative market analysis or CMA, provides a real estate expert’s opinion on how much your property will sell for. It takes many things into consideration, like the condition and location of the home, but ultimately, all that matters for a property valuation is what a buyer might be willing to pay for the property. An appraisal is more concerned with determining the value. A valuation is to estimate what you’ll get for a property, while an appraisal helps a lender establish loan-to-value ratios and loan amounts.

Some appraisers hold a Member of the Appraisal Institute designation. This accolade is the highest credential property appraisers can earn. An MAI appraisal is typically used for commercial properties.

While your lender will likely recommend an appraiser, you can also hire a professional home appraiser on your own. Choose someone who is experienced in your type of residential property, and ensure they hold all of the necessary credentials that your state or region requires.

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.

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.

The Saltillo, MS homeowners’ guide to property appraisals

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