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Avatar for Gucciardo Real Estate Group
Gucciardo Real Estate Group
5.0(
25
)
Appraisal - Real Estate

Serving Mayfield, 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 Mayfield, 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

Yes, appraisals are often used for property tax appeals, estate planning, and determining market value.

In most cases, installing a tennis court on your property will drive up your property taxes. Property taxes are determined, in part, based on improvements made to your property, which includes anything with a permanent foundation. Since most home tennis courts include a large concrete foundation, your property taxes will likely increase following the installation. A general rule of thumb is that if your project requires permits—like for a foundation or fencing for a tennis court—then your property taxes will be affected.

A comprehensive smart home system can be really attractive to buyers and increase the value of your property. Components such as a smart security system, smart lawn and garden systems, and smart appliances can all drive up the value of your property.

In cases where an appraisal comes in lower than an offer price, sellers might opt to lower their asking price to meet the appraisal, especially if the market is slow, and replacing the offer with a higher one may take a long time. Sellers can also offer to make repairs to boost the appraised value, hire another appraiser to get a second opinion, or just move on to another offer that isn’t contingent on the buyer getting a mortgage or an appraisal inspection.

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.

The Mayfield, NY homeowners’ guide to property appraisals

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