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K & C Appraisals, Inc.
4.8(
83
)
Appraisal - Real Estate

Serving Cherryville, NC and surrounding areas

Approved

In business since 1993

Free estimates

Credit card accepted

"The appraiser was communicative and was considerate and flexible of my tight schedule. The appraiser was informative, thorough and efficient. There was very detailed explanation to questions that I had, which will be helpful as I present with real estate valuation as executor of an estate. Highly recommend."
Recommended by100%of homeowners
Avatar for Akrivis Real Estate Valuations
Akrivis Real Estate Valuations
4.3(
73
)
Appraisal - Real Estate

Serving Cherryville, NC and surrounding areas

Approved (Corporate)

In business since 2018

Credit card accepted

Offers commercial services

"The process was easy, and pricing options were provided up fromt. They gave clear instructions about what they needed for the appraisal. They provided an appraisal quickly, with a nice turn around time. I would call this company again next I need an appraisal."
Restaurant
Response time5 hrs
Response rate89%
935 neighbors recently requested a quote
Koontz Appraisals
5.0(
4
)
Appraisal - Real Estate

Serving Cherryville, NC and surrounding areas

In business since 2013

Free estimates

Credit card accepted

"I have worked with Mrs Koontz and her husband on appraisal projects and related business matters through my law firm. I have always found them to be easy to reach, friendly to work with, very reasonable in terms of price/costs, and extremely professional/competent at any task for which they were engaged. I HIGHLY recommend their services."
Response time3 hrs
Recommended by75%of homeowners
Appraising Carolina Associates, LLC
5.0(
1
)
Appraisal - Real Estate

Serving Cherryville, NC and surrounding areas

In business since 2010

Free estimates

"Ashley arrived on time, which was appreciated. She took outside pictures of the house, as well as several shots of the interior. The results were emailed to me within 48 hours, as promised. The appraisal was as detailed as the one I had done at the end of 2008, but her cost was less than the 2008 appraisal. I'm glad I found Appraising Carolina Assoc's through Servicemagic."
Recommended by100%of homeowners
Avatar for B.A. Smith Home Appraisal
B.A. Smith Home Appraisal
5.0(
1
)
Appraisal - Real Estate

Serving Cherryville, NC and surrounding areas

In business since 2007

B.A. Smith Home Appraisal is a locally owned and operated company that values honesty and integrity in all aspects of our business. Our dedicated team of professionals have over 11 years of hands on experience. Please feel free to contact us today!

Response time40 mins
Response rate100%
Recommended by100%of homeowners
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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.

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.

An FHA appraisal is valid for 180 days from the effective date of the report. In some cases, you can have the appraisal recertified if you make your request before the original expires so that you still may obtain an FHA loan. If approved, your appraisal update is valid for one year.

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.

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.

The Cherryville, NC homeowners’ guide to property appraisals

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