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Avatar for Somich & Associates, Inc.
Somich & Associates, Inc.
4.6(
16
)
Appraisal - Real Estate

Serving Canastota, NY and surrounding areas

In business since 1996

Free estimates

"Peter Somich was professional, friendly, competent. I set up an appointment with him within a week and received the appraisal by email within 3 days. I highly recommend Peter Somich and Associates."
Response time3 days
Recommended by100%of homeowners
Jason House
5.0(
1
)
Appraisal - Real Estate

Serving Canastota, NY and surrounding areas

In business since 2001

Free estimates

Credit card accepted

We pride our company on reliability, great communication, integrity, and quality work. We are experts in our trade and will do our best to keep you as educated as we can on your particular task or project. We look forward to earning your business! Book with us online or feel free to give us a call today!

Response time3 days
Recommended by100%of homeowners
Allen Appraisal Service
New to Angi
Appraisal - Real Estate

Serving Canastota, NY and surrounding areas

In business since 1989

Offers commercial services

Allen Appraisal Service has been business for over 30 years. We take pride in every job that we do and form lasting relationships with our clients. We look forward to earning your business, call today for a free estimate!\n\nPast President of Mohawk Valley Association of Realtors\nCurrent State Director of Mohawk Valley Association of Realtors\nVA and FHA certified

Response time10 mins
Property Appraiser 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.

Some appraisers hold a Member of the Appraisal Institute designation. This accolade is the highest credential property appraisers can earn. An MAI appraisal is typically used for commercial properties.

While your lender will likely recommend an appraiser, you can also hire a professional home appraiser on your own. Choose someone who is experienced in your type of residential property, and ensure they hold all of the necessary credentials that your state or region requires.

The cost to appraise a home depends on the type. Common types include:

  • Single-family homes: $300–$400

  • FHA or VA single-family homes: $400–$500

  • Condominium: $300–$500

  • Multi-family home: $500–$1,000

  • Apartment building: $1,500–$3,000

  • Commercial properties: $1,400–$10,000

  • Raw land: $1,000–$8,000

In most cases, selling a home in as-is condition will lead to a sale price that’s somewhere between 10% and 30% lower than normal. However, it’s often worthwhile to sell at a loss because the alternative would be to pay for the repairs yourself, which could end up costing you more. Even if they didn’t, selling as-is saves you from the time and energy you’d spend coordinating the repairs.

Whether a scullery is worth it depends on how much you like to cook and entertain. If you frequently host gatherings—a scullery is likely worth the money. If you’re looking for ROI, it’s not so clear. It may not add significant value to your home, as it doesn’t increase square footage and may repurpose space that a buyer would have preferred to remain as-is (like a laundry room). 

The Canastota, NY homeowners’ guide to property appraisals

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