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Avatar for Cox Appraisal Service, Inc.
Cox Appraisal Service, Inc.
4.4(
7
)

Serving Kenly, NC and surrounding areas

In business since 1991

Free estimates

"Jim Cox was fantastic! He came out to appraise the property, and the whole process was smooth and professional. Jim?s expertise and attention to detail really stood out. We felt confident and well-informed throughout the entire experience. Highly recommend Jim for anyone looking for top-notch service. Thanks, Jim!"
Response time1 day
Response rate85%
Recommended by33%of homeowners
Avatar for Partridge Appraisal Service
Partridge Appraisal Service
5.0(
1
)

Serving Kenly, NC and surrounding areas

In business since 1987

Free estimates

Partridge Appraisal Service is a real-estate appraisal business based in East North Carolina. Our experience in appraising properties began in 1986. On this site you can read about our qualifications and the areas we cover. You can also order an appraisal online. Our goal is to serve each and every client with the utmost care and consideration. We feel it is important in every way to help ensure the appraisal experience is positive for our clients. We accomplished this through our commitment to quality appraisals delivered in a timely and professional manner. I encourage you to call for answers to the appraisal process or any questions you might have regarding your real estate and any appraisal needs. For homeowners, we provide appraisal reports for single family properties, condominium units, vacant land and multi-family property. Eileen Partridge is certified with HUD/FHA as an approved appraiser and is a North Carolina Certified General Appraiser

Response time11 hrs
Recommended by100%of homeowners
Avatar for Shackelford & Associates
Shackelford & Associates
New to Angi

Serving Kenly, NC and surrounding areas

In business since 1993

Free estimates

Credit card accepted

Shackelford & Associates has been providing top quality appraisals since 1993.. We have offices in Raleigh and Greenville, offering top quality commercial, residential, and agricultural appraisals throughout the Triangle and eastern North Carolina. Four of our appraisers are designated members of the Appraisal Institute, having fulfilled rigorous education and experience requirements above what is required by the Appraiser Qualifications Board.

Response time2 days
Response rate88%
Antiques and Jewelry Appraisals questions, answered by experts

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.

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.

As a seller, it might feel tempting to skip the appraisal, especially in a hot market that sees a lot of all-cash offers. While you can technically forgo it and hope for an all-cash offer, you’ll likely have a very tough time selling without an appraisal. 

In addition to protecting lenders from risk, appraisals also protect buyers’ investments. As such, it isn’t typically recommended for buyers to skip appraisals.

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

The cost to appraise a home depends on the type. Common types include:

  • Single-family homes: $300–$400

  • FHA or VA single-family homes: $400–$500

  • Condominium: $300–$500

  • Multi-family home: $500–$1,000

  • Apartment building: $1,500–$3,000

  • Commercial properties: $1,400–$10,000

  • Raw land: $1,000–$8,000

The Kenly, NC homeowners’ guide to antique and jewelry appraisals

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