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Avatar for Akrivis Real Estate Valuations
Akrivis Real Estate Valuations
4.3(
72
)
Appraisal - Real Estate

Serving Marion, 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%
991 neighbors recently requested a quote
Avatar for On Time Realty Services, LLC
On Time Realty Services, LLC
4.4(
27
)
Appraisal - Real Estate

Serving Marion, NY and surrounding areas

Approved

In business since 1997

Emergency services offered

Small jobs welcome

"On Time Reality Services performed an appraisal on my residential property. They were very professional, timely and helpful in my understanding of the process and explaining their reports."
Response time9 hrs
20 neighbors recently requested a quote
Recommended by95%of homeowners
Magin-Beach Appraisals
3.8(
10
)
Appraisal - Real Estate

Serving Marion, NY and surrounding areas

Approved

In business since 1984

Free estimates

Customers say: Quick response

"We had a fairly challenging appraisal to be performed and it took longer than we expected to get the results back. Gloria did a very thorough job of documenting the appraisal and we were pleased overall with the completed appraisal. She was the only one who took the initiative to contact us directly from our inquiry for Appraisal and that meant something to us."
Response time10 hrs
Recommended by88%of homeowners
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Property Appraiser questions, answered by experts

Appraisals can come in above or below the list price or offer price for a property, and where it falls depends on many factors. Those include the condition of the property, the location, and the age of the home, but often, the condition of the market is the biggest determining factor. Where demand is high for properties, buyers compete with each other for homes, which tends to drive up offer prices above where appraisals come in. Where demand is low, you’ll often see the opposite happening.

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

Your home insurance company may allow you to use an appraisal instead of an inspection when you apply for coverage. Keep in mind that despite this, an appraisal is far less detailed than the different types of home inspections available and may not reveal potential risks that you’ll want to know about.

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.

Costs depend on the property size, audit complexity, and whether additional testing (e.g., blower door) is included.

The Marion, NY homeowners’ guide to property appraisals

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