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

Yes, built-in bookshelves can be worth the investment and can add value to your home, especially when constructed from high-quality, timeless materials like luxury hardwood. They offer a practical and stylish storage solution that utilizes wall space effectively. While they cost more than store-bought units, the custom fit and potential to increase your property's resale value make them a desirable feature for many buyers, particularly for homeowners with large book collections. For the best return on investment, consider having them professionally built.

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.

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.

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.

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 Reading, PA homeowners’ guide to property appraisals

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