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Real Estate Agents questions, answered by experts

Yes, a screened-in porch will increase your property taxes because it has a foundation and is considered a permanent improvement to your land. The exact amount your taxes will go up depends on the value of your existing home, the value added by the screened-in porch, the size of the structure, your location, and more.

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

Yes. If the seller includes a kick-out clause in the contract, they can accept another offer while contingent.

Your home insurance company may allow you to use an appraisal instead of an inspection when you apply for coverage. Keep in mind that despite this, an appraisal is far less detailed than the different types of home inspections available and may not reveal potential risks that you’ll want to know about.

Appraisals typically take 2-3 hours on-site, with reports delivered in 2-5 business days.

The Milan, NM homeowners’ guide to real estate services

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