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Avatar for C and J Appraisal Company, L.L.C
C and J Appraisal Company, L.L.C
5.0(
3
)

Serving Mayodan, NC and surrounding areas

In business since 2019

Free estimates

We take great pride in our experience, expertise, quality, and customer service that we provide to meet the consumer's needs.\n\nOur services cover:\n. Consultation Services and Real Estate Strategies\n. Single Family & Multi Family Appraisals(2-4Units)\n. Land & Evaluation Reports\n. Tax Appeals & Appraisal Review\n. Insurance Inspections & Disaster Relief\n. Inspections\n. Improvement Measurement Services \n. Reverse Mortgage & Foreclosure Reports \n\nUse our services to help you make an educated decision. Don't hesitate to reach out to us.

Response time6 hrs
Recommended by50%of homeowners
Horner Apprisals
New to Angi

Serving Mayodan, NC and surrounding areas

In business since 2001

Free estimates

We pride our company on reliability, great communication, integrity, and quality work. We believe in giving our absolute best in all of our projects, no matter how big or small. You will find us to be competitively priced, with close attention to the details of each and every project. We are experts in our trade and will always keep you educated on your particular task or project. We look forward to earning your business, so please ask us for references.

Property Appraiser questions, answered by experts

In cases where an appraisal comes in lower than an offer price, sellers might opt to lower their asking price to meet the appraisal, especially if the market is slow, and replacing the offer with a higher one may take a long time. Sellers can also offer to make repairs to boost the appraised value, hire another appraiser to get a second opinion, or just move on to another offer that isn’t contingent on the buyer getting a mortgage or an appraisal inspection.

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.

Yes, the age of your home can impact its value. However, age is just one of many factors that will have an effect. An older home may be perceived as needing more work and maintenance, but if you’ve kept up with repairs or done any renovations, this will increase its value. Buyers will also consider the size of the house, location, and how nearby homes are priced. Lastly, value also depends on whether it’s a buyer or seller’s market.

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.

The Mayodan, NC homeowners’ guide to property appraisals

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