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Avatar for Annex Builders Llc
Annex Builders Llc
5.0(
6
)
Appraisal - Real Estate

Serving Penasco, NM and surrounding areas

In business since 2023

Free estimates

Warranties offered

"Annex Builders LLC did a great job on our commercial building project. They are quick, reliable and fairly priced. They stayed on or ahead of schedule through the project. Thier workers are respectful and trustworthy. I highly recommend Annex Builders for any of your construction needs. I will definitely be using them again."
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+56

Response time4 days
Response rate100%
Recommended by100%of homeowners
Curry
4.0(
2
)
Appraisal - Real Estate

Serving Penasco, NM and surrounding areas

In business since 2000

Emergency services offered

Warranties offered

"Great- we started in the kitchen, went to the baths, and throughout the entire house.  He tested every appliance, checked level of floors, checked fireplace, tiles on floors, inspected heating system, windows, doors, looked at roof, yard, foundation, and had some great suggestions on repairs and improvements.  Great job."
Recommended by100%of homeowners
Real Estate Agents questions, answered by experts

The purpose of the home appraisal determines which party pays for it. You’re generally responsible for the cost if you need to know the current value of your home to refinance your mortgage, though in some instances the lender will pay for it. The buyer pays for the appraisal when they are applying for their mortgage.

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.

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.

Yes, shipping container homes have a very high resale value if they’ve been well maintained over the years. You can resell this home similar to how you’d resell any home. The value depends on the market and the condition. As a bonus, you can transport many container homes depending on the design, which makes them easier to sell if the local market is challenging. 

A good return on flipping a house ranges from 10% to 20% of the after-repair value. Many investors aim for a profit margin of at least 15% to ensure their efforts and risks are worthwhile. This percentage accounts for costs like repairs, financing, holding costs, and closing fees, while also providing a solid profit.

The Penasco, NM homeowners’ guide to real estate services

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