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  • Average homeowner rating star icon4.6
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  • Verified reviews icon35
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Find Property appraisers in Elyria

Jeff Caruso
4.0(
142
)
Appraisal - Real Estate

Serving Elyria, OH and surrounding areas

Approved

In business since 1991

Customers say: Quality work

"Jeff was on time and very easy to work with. Appraisal took approximately 45 min. He took numerous photoâ s of the home and measured where necessary.When done he stated that the appraisal would be finished in 5-7 days which it was. The appraisal was thorough and professionally prepared. It listed six comparable sales in the area with similar structural issues and square footage to support his appraisal value. I would not hesitate to use Caruso Appraisal Service again."
Response time6 hrs
20 neighbors recently requested a quote
Recommended by86%of homeowners
Avatar for Marketplace Housing
Marketplace Housing
4.3(
11
)
Appraisal - Real Estate

Serving Elyria, OH and surrounding areas

In business since 2003

Free estimates

Emergency services offered

"Marketplace Homes has managed two residential rental properties for me, and everything has always been very easy. They coordinate showings, negotiated rent with tenants, and hired contractors as needed at each property. I would use them for any rental property I have in the future!"
Recommended by77%of homeowners
Avatar for Erie Shore Appraisal Group
Erie Shore Appraisal Group
5.0(
2
)
Appraisal - Real Estate

Serving Elyria, OH and surrounding areas

In business since 2009

Erie Shore Appraisal Group, is committed to excellence in every aspect of our business. Our distinction is the quality of service and knowledge of the local real estate market.

Response time3 days
Recommended by100%of homeowners
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Property Appraiser questions, answered by experts

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

Typically during transactions or refinancing, or whenever significant improvements are made.

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.

Ensure the property is clean, provide access to all areas, and supply relevant documents, such as recent upgrades or tax records.

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.

The Elyria, OH homeowners’ guide to property appraisals

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