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Avatar for Heath Hewett Real Estate Services
Heath Hewett Real Estate Services
5.0(
3
)
Appraisal - Real Estate

Serving Ash, NC and surrounding areas

In business since 2008

Free estimates

Emergency services offered

"I coordinated this appraisal from a different state, with Mr. Hewett, It was last minute notification, i needed the appraisal to appeal my taxes. Mr. Hewett was willing to go to another residence to pick up keys, to enter my home, complete the appraisal, return the keys, and then send the completed appraisal to me. Which was a very nice and thorough job. Thank You Mr. Hewett"
Response time1 day
Recommended by100%of homeowners
Carolina Appraisal Group
New to Angi
Appraisal - Real Estate

Serving Ash, NC and surrounding areas

In business since 1995

Carolina Appraisal Group was established in 1995. Carolina Appraisal Group services Brunswick, New Hanover and Pender counties and its surrounding areas. We offer a professional staff with expertise in residential appraisal work. They are dedicated to providing every client with the best customer service and the highest level of professionalism. For the job done right the first time, call Carolina Appraisal Group today.

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.

Both conventional loans and FHA loans are types of mortgages, but they have a few key differences. Conventional loans are backed by private lenders without any government backing, and FHA loans are guaranteed by a government agency. FHA loans are designed to be easier for borrowers with low credit scores or income to qualify for.

Appraisals are not mandatory but are helpful for pricing accuracy and negotiation purposes.

Appraisals can come in above or below the list price or offer price for a property, and where it falls depends on many factors. Those include the condition of the property, the location, and the age of the home, but often, the condition of the market is the biggest determining factor. Where demand is high for properties, buyers compete with each other for homes, which tends to drive up offer prices above where appraisals come in. Where demand is low, you’ll often see the opposite happening.

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 Ash, NC homeowners’ guide to property appraisals

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