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Avatar for On Time Realty Services, LLC
On Time Realty Services, LLC
4.4(
26
)
Appraisal - Real Estate

Serving Waterloo, NY and surrounding areas

Approved

In business since 1997

Emergency services offered

Small jobs welcome

"He checked out our lake home and said it was not worth appraising it to reduce taxes because comparable homes had close to the same home value as ours. He did not want any money for the few hours he put in. I was amazed with his honesty and not wanting to charge us for an appraisal which was not necessary. He was also very easy to get hold of. I would definitely use him again."
Response time9 hrs
20 neighbors recently requested a quote
Recommended by100%of homeowners
Property Appraiser questions, answered by experts

Yes, the age of your home can impact its value. However, age is just one of many factors that will have an effect. An older home may be perceived as needing more work and maintenance, but if you’ve kept up with repairs or done any renovations, this will increase its value. Buyers will also consider the size of the house, location, and how nearby homes are priced. Lastly, value also depends on whether it’s a buyer or seller’s market.

Depending on the size of the home, the appraisal itself can take several hours. After the appraiser’s visit is complete, it can take between a few days and a few weeks to get the report back. This timeline is largely dependent on the appraiser’s workload, research requirements, efficiency, and other factors.

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.

If you can’t find any records online, you’ll need to contact your county clerk’s office to do further research. They should have property records on file, or can at least point you in the right direction of who to contact. You can also speak with your neighbors about when their houses were built because they were likely built around the same time.

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.

The Waterloo, NY homeowners’ guide to property appraisals

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