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Asset Resource Real Estate Appraising, Inc.
4.6(
22
)
Appraisal - Real Estate

Serving Reading, PA and surrounding areas

Approved

In business since 1999

Customers say: Quick response

"Mr. Gibbs is courteous, professional and thorough. He was prompt for the appraisal and in less than 24 hours he called us with the results and faxed the report. I would highly recommend this gentleman. He knows his business and has great expertise in his specialty of appraising real estate. Sue Ann Champion, Lansdale, PA"
Response time5 hrs
Recommended by90%of homeowners
Avatar for Sarah Whyler
Sarah Whyler
5.0(
6
)
Appraisal - Real Estate

Serving Reading, PA and surrounding areas

Approved

In business since 2019

Free estimates

Offers commercial services

Sarah Whyler is a local appraiser, born and raised in Lancaster County. Sarah provides residential appraisal services in south-central Pennsylvania. Prior to becoming licensed, Sarah worked as an administrative professional in two different appraisal offices, preparing and reviewing appraisal files.

Response time3 days
14 neighbors recently requested a quote
Recommended by16%of homeowners
Showing 1-10 of 19
Property Appraiser questions, answered by experts

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.

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.

In most cases, selling a home in as-is condition will lead to a sale price that’s somewhere between 10% and 30% lower than normal. However, it’s often worthwhile to sell at a loss because the alternative would be to pay for the repairs yourself, which could end up costing you more. Even if they didn’t, selling as-is saves you from the time and energy you’d spend coordinating the repairs.

Both conventional loans and FHA loans are types of mortgages, but they have a few key differences. Conventional loans are backed by private lenders without any government backing, and FHA loans are guaranteed by a government agency. FHA loans are designed to be easier for borrowers with low credit scores or income to qualify for.

Some appraisers hold a Member of the Appraisal Institute designation. This accolade is the highest credential property appraisers can earn. An MAI appraisal is typically used for commercial properties.

While your lender will likely recommend an appraiser, you can also hire a professional home appraiser on your own. Choose someone who is experienced in your type of residential property, and ensure they hold all of the necessary credentials that your state or region requires.

The Reading, PA homeowners’ guide to property appraisals

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