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TRUSTED BY CENTRAL FALLS, RI HOMEOWNERS

  • Average homeowner rating star icon4.8
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  • Verified reviews icon25
    Verified property appraisals reviews

Find Property appraisers in Central Falls

Avatar for Cullen Real Estate and Appraisal Company
Cullen Real Estate and Appraisal Company
4.9(
444
)
Appraisal - Real Estate

Serving Central Falls, RI and surrounding areas

Approved

In business since 1990

Free estimates

Emergency services offered

"Very positive experience working with Cullen Real Estate and Appraisal. They were able to accommodate my schedule for the property inspection and communicated frequently. Tom, the lead appraiser, was knowledgeable, friendly, prompt, and able to answer all of my questions. The best part is that we received a complete, well-researched report within just a couple of business days...super fast turnaround! I would certainly recommend Cullen to anyone looking for a truly professional company to appraise their property."
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Land Appraisal

+3

Response time4 hrs
22 neighbors recently requested a quote
Recommended by98%of homeowners
Avatar for New England Home Renovations LLC
New England Home Renovations LLC
4.0(
311
)
Appraisal - Real Estate

Serving Central Falls, RI and surrounding areas

In business since 1983

Free estimates

Emergency services offered

"Excellent communications before our appointment and honest appraisal of the property advising us to find something else needing less work (less money for him).  He pointed out many things we missed in our first look at the property.  Very invaluable and we will use him in the future"
Before
After's
New boiler install
Removal of cast Iron to PVC.
Additional Photos

+37

Recommended by89%of homeowners
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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 purpose of the home appraisal determines which party pays for it. You’re generally responsible for the cost if you need to know the current value of your home to refinance your mortgage, though in some instances the lender will pay for it. The buyer pays for the appraisal when they are applying for their mortgage.

The cost ranges from $300 to $500, depending on the property's size and location. Due to their complexity, commercial appraisals may cost more.

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.

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.

The Central Falls, RI homeowners’ guide to property appraisals

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