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Avatar for Jones Realty
Jones Realty
3.7(
8
)

Serving Wagoner, OK and surrounding areas

In business since 2002

Free estimates

"John Came out to appraise home the day after i called him. He is extremely thorough and personable. we are now able to proceed with purchasing this property. His prices are reasonable and i would recommend to friends and family."
Response time3 days
Recommended by85%of homeowners
Property Appraiser questions, answered by experts

Appraisals are not mandatory but are helpful for pricing accuracy and negotiation purposes.

Foundation cracks won’t always affect your appraised value. All foundations crack due to normal settlement, so hairline cracks that aren’t leaking or uneven from side to side are unlikely to have an impact on your appraisal. Structural cracks, on the other hand, often lead to a reduced appraised value, especially if the underlying problem will cause the issue to worsen over time.

An FHA appraisal is valid for 180 days from the effective date of the report. In some cases, you can have the appraisal recertified if you make your request before the original expires so that you still may obtain an FHA loan. If approved, your appraisal update is valid for one year.

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.

Around 1-2 weeks, including inspection and reporting time for an official evaluation.

The Wagoner, OK homeowners’ guide to property appraisals

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