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Preferred Appraisals, LLC
4.8(
4
)
Appraisal - Real Estate

Serving Lowell, NC and surrounding areas

In business since 2000

We're a locally owned and operated company that values honesty and integrity and treats your home as if it were our own. We offer over 20 years of industry experience and a variety of home appraisal services that are customizable to each individual home. We specialize in real estate appraisals. We look forward to building lasting relationships and guarantee your satisfaction!\n\n

Response time1 day
Recommended by100%of homeowners
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Property Appraiser questions, answered by experts

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

Foundation cracks won’t always affect your appraised value. All foundations crack due to normal settlement, so hairline cracks that aren’t leaking or uneven from side to side are unlikely to have an impact on your appraisal. Structural cracks, on the other hand, often lead to a reduced appraised value, especially if the underlying problem will cause the issue to worsen over time.

Around 1-2 weeks, including inspection and reporting time for an official evaluation.

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.

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 Lowell, NC homeowners’ guide to property appraisals

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