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TRUSTED BY WAKEFIELD, RI HOMEOWNERS

  • Average homeowner rating star icon4.9
    Average homeowner rating
  • Verified reviews icon12
    Verified property appraisals reviews

Find Property appraisers in Wakefield

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

Serving Wakefield, 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
18 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 Wakefield, 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

The average cost for a home or property appraisal is about $355, with prices typically ranging from $250 to $500. The final cost is influenced by several factors, including the property's size, age, location, and how it compares to other homes in the area. Appraisals for larger, older, or non-conforming properties often cost more. While a single-family home appraisal usually costs between $300 and $400, appraising a multi-family home can range from $500 to $1,000 due to its increased size and complexity.

In cases where an appraisal comes in lower than an offer price, sellers might opt to lower their asking price to meet the appraisal, especially if the market is slow, and replacing the offer with a higher one may take a long time. Sellers can also offer to make repairs to boost the appraised value, hire another appraiser to get a second opinion, or just move on to another offer that isn’t contingent on the buyer getting a mortgage or an appraisal inspection.

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.

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.

While there's not a lot of definite research, some experts suggest that an in-ground or wall-mounted basketball hoop can add value to your home by increasing curb appeal. In addition, having a basketball hoop is an attractive feature of a house since it promotes physical activity, especially for children.

The Wakefield, RI homeowners’ guide to property appraisals

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