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Wendy Fitzgerald
2.8(
2
)
Appraisal - Real Estate

Serving Aiken, SC and surrounding areas

In business since 2004

CSRA Residential Appraisals knows what real estate is worth in Aiken, Edgefield and Barnwell Counties in SC as well as Richmond and Columbia Counties in Georgia.\n \n Contact us at 8036420178 to talk about your real estate appraisal needs today. \n\nAs a licensed appraiser, I posses the training and credentials to generate the level of reliable real estate value opinions that banks and top lending institutions need for mortgages. And with years of experience that only comes with doing the job, I am more than ready to help our clients with practically any type of real estate.\n\nHere are the types of valuations I do in addition to mortgage appraisals:\n.\n• Setting a home's listing price\n\n• Removing Private Mortgage Insurance\n\n• Tax Assessments (reducing property taxes)\n\n• Increasing your HELOC (Home Equity Line of Credit)

Recommended by100%of homeowners
Property Appraiser questions, answered by experts

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. 

You can be present during a home appraisal, but it’s best to stay out of the appraiser’s way. Make yourself available, but don’t engage or interrupt, and don’t discuss value or your target sales price. If possible, have your agent present in the house instead of being present yourself.

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.

The entire appraisal process takes from seven to 10 days. This timeline accounts for the many steps of the appraisal process, including the post-inspection report completed by the appraiser.

Home appraisal services include the following tasks:

  • Inspect home interior and exterior

  • Evaluate materials, features, fixtures, and renovations

  • Review comparable properties

  • Write an appraisal report

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.

The Aiken, SC homeowners’ guide to property appraisals

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