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

Serving Tully, 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 Tully, 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 Tully, 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

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.

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). 

Mobile homes weigh anywhere between 45 to 50 pounds per square foot. Some newer options weigh up to 70 pounds per square foot. An average single-wide mobile home weighs 45,000 pounds, and a double-wide mobile home weighs about 70,000 pounds. Triple-wide mobile homes range from 90,000 to 100,000 pounds.

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

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.

The Tully, NY homeowners’ guide to property appraisals

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