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Avatar for Akrivis Real Estate Valuations
Akrivis Real Estate Valuations
4.3(
69
)
Appraisal - Real Estate

Serving Ojo Caliente, NM and surrounding areas

Approved (Corporate)

In business since 2018

Credit card accepted

Offers commercial services

"Did what was requested in a timely manner. No hassles which is exactly what a person needs when dealing with the loss of a spouse. This was specific for an estate appraisal. Not an appraisal to buy real estate. This is for estate tax purposes which is different. Thank you."
Restaurant
Response time5 hrs
Response rate89%
1152 neighbors recently requested a quote
Avatar for Annex Builders Llc
Annex Builders Llc
5.0(
7
)
Appraisal - Real Estate

Serving Ojo Caliente, NM and surrounding areas

In business since 2023

Free estimates

Warranties offered

"Andres and his team enclosed the area under my balcony to make a screened porch, including laying pavers, building pony walls, and hanging two screen doors. They made sure they understood exactly what I wanted and completed the work quickly and professionally. They cleaned up the worksite before leaving each day. Genesis in the office was fantastic with communication. The new porch has already withstood a hail storm and high winds, and I'm very pleased with the quality of the work. I would definitely hire this company again."
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+56

Response time4 days
Response rate100%
Recommended by85%of homeowners
Real Estate Agents questions, answered by experts

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.

Fresh baseboards can increase a home’s value because they refresh the look of your walls. This can make a good impression on buyers and potentially boost your home’s resale value. This is particularly helpful if your existing baseboards are in bad shape, which can age the look of your walls. 

Consider also investing in the cost to install shoe molding for an extra-polished look that can further boost resale value.

While Craftsman-style houses are bungalows, cottages typically aren’t, though they can be. But they also differ in other stylistic aspects. For instance, cottages usually have simpler designs and painted woodwork.

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.

If a home's appraised value comes in lower than the offer price, it can create complications with financing. Lenders typically won't issue a loan for more than the property's market value, as this can push the loan-to-value (LTV) ratio too high and may prevent the loan from being approved. Your options depend on whether your purchase agreement includes an appraisal contingency. If there is no contingency, both parties may be locked into the deal, meaning the buyer pays more than the appraised value. If a contingency exists, the buyer can usually renegotiate the price or withdraw from the deal. If a buyer still wishes to proceed, they can try to negotiate a lower price, increase their down payment to cover the difference, or get a second appraisal.

The Ojo Caliente, NM homeowners’ guide to real estate services

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