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Anderson Appraisals
5.0(
1
)
Appraisal - Real Estate

Serving Thaxton, 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 Thaxton, 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

Ideally, you’d never pay more than the appraised value for a home, but there are some instances where it makes sense to do so. For example, if your current living arrangements are no longer viable and you need a place to move into quickly, paying more than the appraised value might be in your best interest to secure a new home. Additionally, if you’re buying in a hot market, overpaying for the home might be necessary to overcome the competition.

Yes, installing a tennis court can be a worthwhile home improvement project that adds value to your property. The potential increase in value can range from $20,000 to $150,000, and in some cases, the return on investment can cover more than 60% of the installation cost. However, the impact on value heavily depends on the size of your property. For homes with multiple acres, a tennis court is often a valuable amenity. In contrast, for homes on smaller lots, installing a court can decrease the property's value because it consumes a significant portion of the usable yard space. It's crucial to consider your property size and the remaining usable yard before proceeding.

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 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.

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.

The Thaxton, MS homeowners’ guide to property appraisals

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