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Avatar for Somich & Associates, Inc.
Somich & Associates, Inc.
4.6(
16
)

Serving Fabius, NY and surrounding areas

In business since 1996

Free estimates

"Peter Somich was very competent, efficient, and thorough assessor. The appraisal was completed quickly and professionally and sent via email. I highly recommend Somich and Associates."
Response time3 days
Recommended by100%of homeowners
ATAV Appraisals
4.3(
5
)

Serving Fabius, NY and surrounding areas

In business since 1988

Free estimates

ATAV Appraisals is a well-respected provider of residential appraisal services in central NY, including Onondaga, Madison and Oswego counties. Our objective is to provide quality appraisals with the highest ethical standards in the shortest possible time. \nOur clients are lending institutions, government agencies, accountants, attorneys, realtors, homeowners and employment relocation companies. We are approved by HUD and the Employment Relocation Council. We are a member of the Greater Syracuse Chamber of Commerce, the Appraisal Institute and the Greater Syracuse Association of Realtors.\n\nyou may check our website at atavappraisals.com

Response time1 day
Recommended by100%of homeowners
MJM Real Estate & Appraisal Services
3.4(
6
)

Serving Fabius, NY and surrounding areas

In business since 2000

Free estimates

Credit card accepted

We take great pride in our experience, expertise, quality and customer service that we provide to meet the consumers' needs. It is our mission to provide excellent workmanship and complete customer satisfaction from start to completion of a project. In order to understand the needs and expectations of our customers, we take great care to work and communicate with every customer in a professional manner. Our reputation is based on service, safety and quality, regardless of how large or small the job. Unable to do mortgage appraisals do to strict banking guidelines.

Recommended by100%of homeowners
Property Appraiser questions, answered by experts

A property valuation, sometimes called a comparative market analysis or CMA, provides a real estate expert’s opinion on how much your property will sell for. It takes many things into consideration, like the condition and location of the home, but ultimately, all that matters for a property valuation is what a buyer might be willing to pay for the property. An appraisal is more concerned with determining the value. A valuation is to estimate what you’ll get for a property, while an appraisal helps a lender establish loan-to-value ratios and loan amounts.

Land doesn’t depreciate in the same way that a house, vehicle, or other property does, but it can lose value based on various factors. Environmental changes, nearby development, zoning changes, and economic downturns can all cause land to lose value over time. Value is a comparative figure, so as other related factors change, so can land’s value.

An FHA appraisal is valid for 180 days from the effective date of the report. In some cases, you can have the appraisal recertified if you make your request before the original expires so that you still may obtain an FHA loan. If approved, your appraisal update is valid for one year.

Typically during transactions or refinancing, or whenever significant improvements are made.

Both conventional loans and FHA loans are types of mortgages, but they have a few key differences. Conventional loans are backed by private lenders without any government backing, and FHA loans are guaranteed by a government agency. FHA loans are designed to be easier for borrowers with low credit scores or income to qualify for.

The Fabius, NY homeowners’ guide to property appraisals

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