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Porter Appraisals
5.0(
13
)
Appraisal - Real Estate

Serving Logan, OH and surrounding areas

Approved

In business since 1999

Free estimates

Emergency services offered

Porter is the premier source for professional commercial and residential real estate appraisals. Based in Marengo, our certified team specializes in high-quality asset management valuations, estate settlements, tax assessments, and prospective development analysis for property owners and investors. \n\nPlease note that our firm focuses strictly on established property and asset valuations; we do not accept assignments involving boundary, fence, or neighbor disputes, nor do we provide appraisal services for non-homeowners or renters. \n\nBy maintaining this specialized focus, we ensure efficient, top-tier service for our core investment and estate clients. Contact our office today at 419-253-1373 to discuss your valuation needs.

Recommended by100%of homeowners
Avatar for Porter Appraisals
Porter Appraisals
5.0(
13
)
Appraisal - Real Estate

Serving Logan, OH and surrounding areas

Approved

In business since 1999

Free estimates

Emergency services offered

"Ross Porter very professional and kind. He is extremely knowledgeable and talented. His extensive experience in appraisals makes him our go-to professional for appraisals and recommendations. We highly recommend Ross."
HMS Certified
Train Depot
Train Depot
McKissock Learning
Residential+ Comm

+4

Response time2 days
Response rate98%
5 neighbors recently requested a quote
Farm and Home Appraisal Network
5.0(
3
)
Appraisal - Real Estate

Serving Logan, OH and surrounding areas

In business since 1990

Free estimates

We are a locally owned and operated company, that values honesty and integrity, and treats your home as if it were our own. We have many years of experience, to give you confidence that we are your number one choice. You will find us to be competitively priced, with close attention to the details. We look forward to hearing from you.

Response time2 hrs
Recommended by100%of homeowners
Avatar for Freedom Appraisals, LLC
Freedom Appraisals, LLC
5.0(
2
)
Appraisal - Real Estate

Serving Logan, OH and surrounding areas

In business since 2003

Free estimates

Small jobs welcome

"Freedom Appraisals was very easy to work with and very friendly. They completed the appraisal and got the results back to me quickly. I would recommend them and would use them again"
Response time3 days
Recommended by100%of homeowners
Property Appraiser questions, answered by experts

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 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.

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.

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.

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.

The Logan, OH homeowners’ guide to property appraisals

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