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Wendy Fitzgerald
2.8(
2
)
Appraisal - Real Estate

Serving Jackson, 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)

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Property Appraiser questions, answered by experts

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.

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.

Whether a scullery is worth it depends on how much you like to cook and entertain. If you frequently host gatherings—a scullery is likely worth the money. If you’re looking for ROI, it’s not so clear. It may not add significant value to your home, as it doesn’t increase square footage and may repurpose space that a buyer would have preferred to remain as-is (like a laundry room). 

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.

Installing a flagpole can improve your home’s curb appeal, so it will often have a modest positive impact on your property value. You’ll see a much larger bump in property value if you install a custom wooden flagpole than you would if you install a standard aluminum pole. Adding lighting to your flagpole will also have a positive impact on home value, as will trimming trees away from the new lawn addition.

The Jackson, SC homeowners’ guide to property appraisals

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