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Avatar for Michael E. Minden Diamond Jewelers
Michael E. Minden Diamond Jewelers
4.0(
4
)
Appraisal - General

Serving Logandale, NV and surrounding areas

In business since 1988

Free estimates

Credit card accepted

"The diamond in my wedding ring was my mother's and it was in the original setting. I've been wanting to remount the diamond into a new ring setting for a long time and finally scheduled an appointment at Michael E. Minden. I am so glad that I did!! Their staff is incredibly professional and always so kind. They helped me keep the history of the diamond and gold from my old ring to transform it into the brand new wedding ring of my dreams!! I can now wear the materials that I inherited in a modern style that I enjoy. Thank you Michael E. Minden Diamond Jewelers!"
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Recommended by75%of homeowners
Antiques and Jewelry Appraisals questions, answered by experts

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.

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

While some aspects of an appraisal, such as comparable properties nearby, are out of your control, there are several steps you can take to potentially increase your home's value. Make any necessary repairs and upgrades before the appraiser's visit, as they can only value what is currently part of the home, not its potential. Examples include renovating older areas, updating landscaping to boost curb appeal, and staging your home. You can also provide the appraiser with the cost of recent upgrades, which may increase your home's value by about 50% or more of what you paid for those improvements.

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.

The cost ranges from $300 to $500, depending on the property's size and location. Due to their complexity, commercial appraisals may cost more.

The Logandale, NV homeowners’ guide to antique and jewelry appraisals

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