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Avatar for Marilyn & Company/Keller Williams Realty Boston Southwest
Marilyn & Company/Keller Williams Realty Boston Southwest
5.0(
101
)
Appraisal - General

Serving Greene, RI and surrounding areas

Approved

In business since 2004

Free estimates

Emergency services offered

"The real estate world is crazy and Marilyn walked us through the process with clarity and ease. She encouraged us to sell sooner than we planned and she was right. She knows the market. Her market expertise put much of our uncertainty to rest. Even more so, we witnessed her negotiation skills in action when she was able to bring in significantly more than what we originally anticipated. The price of a realtor is worth it...Marilyn (and her team) is worth 2x her cost. We can't recommend her enough."
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Antiques and Jewelry Appraisals questions, answered by experts

A property valuation, sometimes called a comparative market analysis or CMA, provides a real estate expert’s opinion on how much your property will sell for. It takes many things into consideration, like the condition and location of the home, but ultimately, all that matters for a property valuation is what a buyer might be willing to pay for the property. An appraisal is more concerned with determining the value. A valuation is to estimate what you’ll get for a property, while an appraisal helps a lender establish loan-to-value ratios and loan amounts.

Whether or not new windows increase property taxes depends on where you live and by how much your upgrade increases your home’s value. Smaller projects likely won’t result in increased property taxes, but it’s always a good idea to err on the side of caution and check. Contact your local county appraisal department for the most accurate information about property taxes in your area. 

While a finished basement adds value to your home, it is assigned a different value than space on the main floors. An appraiser will assess the square footage of a finished basement at about 50% to 60% of the value of the square footage for the rest of your home. Appraisal value for a finished basement depends on your location’s real estate market and the specifics of the basement and how it was finished. 

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 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 Greene, RI homeowners’ guide to antique and jewelry appraisals

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