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

Serving Knox, NY and surrounding areas

Approved (Corporate)

In business since 2018

Credit card accepted

Offers commercial services

"The process was easy, and pricing options were provided up fromt. They gave clear instructions about what they needed for the appraisal. They provided an appraisal quickly, with a nice turn around time. I would call this company again next I need an appraisal."
Restaurant
Response time5 hrs
Response rate89%
1152 neighbors recently requested a quote
Avatar for New York Appraisals
New York Appraisals
3.0(
67
)
Appraisal - Real Estate

Serving Knox, NY and surrounding areas

Approved

In business since 1995

Free estimates

Credit card accepted

"I had a rush job. Dan got in touch with me immediately, scheduled a convenient time for the appraisal, answered my questions before, during, and after the appraisal, and came in at the price he had originally quoted. I was very happy with his performance."
Response time1 day
34 neighbors recently requested a quote
Recommended by72%of homeowners
Avatar for Gucciardo Real Estate Group
Gucciardo Real Estate Group
5.0(
25
)
Appraisal - Real Estate

Serving Knox, NY and surrounding areas

In business since 2002

Free estimates

Emergency services offered

"My husband and I were recently blessed to have Anthony work with us in selling our home, as well as well as Theresa, one of company's agents, worked so aggressively to find us our new beautiful home. Every step of the way, was at such a personal level, understanding our needs, tolerating my stress, and always responding personally, no matter how big or small the question or situation. They were just amazing with us. We are so thankful for Anthony and Theresa, to make what we thought was going to be one of the most stressful times in our lives, to be literally one of the most exciting and enjoyable times for us !! You guys rock !! ❤️George & Carrie Parker"
Recommended by100%of homeowners
Avatar for Marketplace Housing
Marketplace Housing
4.3(
11
)
Appraisal - Real Estate

Serving Knox, NY and surrounding areas

In business since 2003

Free estimates

Emergency services offered

"Office staff is always available for help. No job is too small or too big. They are responsive to our needs for service requests from roofing to foundations. All aspects of home repairs have been done professionally and in a timely manner. I would recommend Marketplace Homes for all your property management needs regarding property repairs and maintenance."
Recommended by77%of homeowners
Property Appraiser questions, answered by experts

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 average cost for a home or property appraisal is about $355, with prices typically ranging from $250 to $500. The final cost is influenced by several factors, including the property's size, age, location, and how it compares to other homes in the area. Appraisals for larger, older, or non-conforming properties often cost more. While a single-family home appraisal usually costs between $300 and $400, appraising a multi-family home can range from $500 to $1,000 due to its increased size and complexity.

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.

Ideally, you’d never pay more than the appraised value for a home, but there are some instances where it makes sense to do so. For example, if your current living arrangements are no longer viable and you need a place to move into quickly, paying more than the appraised value might be in your best interest to secure a new home. Additionally, if you’re buying in a hot market, overpaying for the home might be necessary to overcome the competition.

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 Knox, NY homeowners’ guide to property appraisals

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