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

Serving Harrells, 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
Property Appraiser questions, answered by experts

While a finished basement adds value to your home, it is assigned a different value than space on the main floors. An appraiser will assess the square footage of a finished basement at about 50% to 60% of the value of the square footage for the rest of your home. Appraisal value for a finished basement depends on your location’s real estate market and the specifics of the basement and how it was finished. 

Ensures accurate valuation reflecting current market conditions, assisting in financial decisions.

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.

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.

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

The Harrells, NC homeowners’ guide to property appraisals

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