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Avatar for Marketplace Housing
Marketplace Housing
4.3(
11
)
Appraisal - Real Estate

Serving Erwin, NC and surrounding areas

In business since 2003

Free estimates

Emergency services offered

"Office staff is always available for help. No job is too small or too big. They are responsive to our needs for service requests from roofing to foundations. All aspects of home repairs have been done professionally and in a timely manner. I would recommend Marketplace Homes for all your property management needs regarding property repairs and maintenance."
Recommended by77%of homeowners
Appraisal Works, Inc.
New to Angi
Appraisal - Real Estate

Serving Erwin, NC and surrounding areas

In business since 2006

Appraisal Works, Inc., 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 13 years of hands on experience, to provide innovative ideas and suggestions tailored to your projects. Our services are customized to your individual needs, paying close attention to the details of each project that we are involved with.

Mangum Appraisal Company
New to Angi
Appraisal - Real Estate

Serving Erwin, NC and surrounding areas

In business since 1980

Free estimates

As licensed appraisers, we have the comprehensive training and credentials to provide the level of credible property value opinions.. With years of experience that only comes with doing the job, we're prepared to help our clients with practically any type of real estate. If you need an appraisal for any of the following reasons, give us a call today!\n\nAsset division for situations like a divorce\n\nDeciding on a listing price for your property\n\nTax Challenges (reducing property taxes) if you live in an area where house prices have declined\n\nDetermining market value on real estate related to a bankruptcy\n\nFiguring out the value of home improvements you may have done or are deliberating\n\nRetrospective appraisals\n\n

Avatar for The Adaero Group LLC
The Adaero Group LLC
New to Angi
Appraisal - Real Estate

Serving Erwin, NC and surrounding areas

In business since 2015

Free estimates

Small jobs welcome

We take great pride in our experience, expertise, quality, and customer service that we provide to meet the consumer's needs. It is our mission to provide excellent workmanship and complete customer satisfaction from start to completion of a project. In order to understand the needs and expectations of our customers, we take great care to work and communicate with every customer in a professional manner. Our reputation is based on service, safety, and quality, regardless of how large or small the job.\n

Response time40 mins
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Property Appraiser questions, answered by experts

Basement bedrooms can count toward your room count and the square footage of your home on an appraisal if they’re fully legal, which means they have proper ventilation and points of egress, as defined by your local building code. Simply partitioning off a space for a bedroom in an otherwise unfinished basement that isn’t a legal living space won’t affect your appraisal value.

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.

In most cases, selling a home in as-is condition will lead to a sale price that’s somewhere between 10% and 30% lower than normal. However, it’s often worthwhile to sell at a loss because the alternative would be to pay for the repairs yourself, which could end up costing you more. Even if they didn’t, selling as-is saves you from the time and energy you’d spend coordinating the repairs.

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 average cost for a home or property appraisal is about $355, with prices typically ranging from $250 to $500. The final cost is influenced by several factors, including the property's size, age, location, and how it compares to other homes in the area. Appraisals for larger, older, or non-conforming properties often cost more. While a single-family home appraisal usually costs between $300 and $400, appraising a multi-family home can range from $500 to $1,000 due to its increased size and complexity.

The Erwin, NC homeowners’ guide to property appraisals

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