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Loyer & Loyer Appraisal Services
New to Angi

Serving Prosperity, SC and surrounding areas

Approved

In business since 1990

Free estimates

Credit card accepted

Loyer & Loyer Appraisal Services, Inc. has been a leading provider of real estate valuations for over 30 years. We are widely recognized as the fastest and highest quality appraisal businesses in the Columbia, South Carolina Metro Area.

Response time7 hrs
Boston McClain and Associates
4.0(
1
)

Serving Prosperity, SC and surrounding areas

In business since 1979

Emergency services offered

Credit card accepted

We have over 30 years of experience in the business. Here at Boston Mcclain and Associates, we pride our company on reliability, great communication, integrity, and quality work. We are experts in our trade and will do our best to keep you as educated as we can on your particular task or project. We look forward to earning your business!

Response time2 hrs
Response rate100%
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. 

The cost to appraise a home depends on the type. Common types include:

  • Single-family homes: $300–$400

  • FHA or VA single-family homes: $400–$500

  • Condominium: $300–$500

  • Multi-family home: $500–$1,000

  • Apartment building: $1,500–$3,000

  • Commercial properties: $1,400–$10,000

  • Raw land: $1,000–$8,000

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.

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.

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 Prosperity, SC homeowners’ guide to property appraisals

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