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TRUSTED BY MASON, OH HOMEOWNERS

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Avatar for WebMLS.net , Realtors
WebMLS.net , Realtors
5.0(
63
)
Appraisal - Real Estate

Serving Mason, OH and surrounding areas

In business since 2002

Free estimates

"Larry was responsive, willing to show me houses at any time and on short notice. He spoke passionately about being a realtor. I always felt confident in his knowledge of the rules and laws and he was able to help me with any circumstance that arose. His prolific listings and sales are impressive."
Sold!
A Proud Former Marine
Clients Say he is the best
Larry Whited, Realtor
Recommended by98%of homeowners
Avatar for The Sheets Team | RE/MAX Victory
The Sheets Team | RE/MAX Victory
5.0(
9
)
Appraisal - Real Estate

Serving Mason, OH and surrounding areas

In business since 1995

Free estimates

"We contacted Team Sheets (recommended by Dave Ramsey) on February 7th describing our remote situation. Our tenants moved out of the house on March 7th. Team Sheets swooped in immediately and gave a detailed assessment of the condition of the property. Wendi provided honest counsel in relation to selling "as is" and also detailed accurate estimates for some work that would ensure the property brought top dollar. We were in contact with Wendi almost daily while the contractors conducted the work. Team Sheets was there every step of the way providing progress updates and recommendations. I can't even imagine the behind the scenes work. Wendi listed the house on April 11th at a price she discussed with us the first week. I lost count of how many showings were held on the April 12th. We had four offers that day. With expert guidance, we accepted an offer $15k over our asking price. Wendi, Don and Autumn took care of the rest. Autumn set us up with a Power of Attorney for Don to represent us at closing. Flawless! Closing occurred on May 15th. Our profit was wired to our bank account and available immediately! Bottom line: Professionals - Clear concise timely communication - Extremely thorough - All the tools necessary to seal the deal with proven results!"
Recommended by100%of homeowners
Avatar for Marketplace Housing
Marketplace Housing
4.3(
11
)
Appraisal - Real Estate

Serving Mason, OH 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
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Property Appraiser questions, answered by experts

Basement bedrooms can count toward your room count and the square footage of your home on an appraisal if they’re fully legal, which means they have proper ventilation and points of egress, as defined by your local building code. Simply partitioning off a space for a bedroom in an otherwise unfinished basement that isn’t a legal living space won’t affect your appraisal value.

As a seller, it might feel tempting to skip the appraisal, especially in a hot market that sees a lot of all-cash offers. While you can technically forgo it and hope for an all-cash offer, you’ll likely have a very tough time selling without an appraisal. 

In addition to protecting lenders from risk, appraisals also protect buyers’ investments. As such, it isn’t typically recommended for buyers to skip appraisals.

Your home insurance company may allow you to use an appraisal instead of an inspection when you apply for coverage. Keep in mind that despite this, an appraisal is far less detailed than the different types of home inspections available and may not reveal potential risks that you’ll want to know about.

The entire appraisal process takes from seven to 10 days. This timeline accounts for the many steps of the appraisal process, including the post-inspection report completed by the appraiser.

Home appraisal services include the following tasks:

  • Inspect home interior and exterior

  • Evaluate materials, features, fixtures, and renovations

  • Review comparable properties

  • Write an appraisal report

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 Mason, OH homeowners’ guide to property appraisals

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