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Anderson Appraisals
5.0(
1
)
Appraisal - Real Estate

Serving Tupelo, 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 Tupelo, 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

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 cost ranges from $300 to $500, depending on the property's size and location. Due to their complexity, commercial appraisals may cost more.

Your home insurance company may allow you to use an appraisal instead of an inspection when you apply for coverage. Keep in mind that despite this, an appraisal is far less detailed than the different types of home inspections available and may not reveal potential risks that you’ll want to know about.

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.

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.

The Tupelo, MS homeowners’ guide to property appraisals

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