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Property Appraiser questions, answered by experts

Appraisals are not mandatory but are helpful for pricing accuracy and negotiation purposes.

Costs depend on the property size, audit complexity, and whether additional testing (e.g., blower door) is included.

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.

Typically during transactions or refinancing, or whenever significant improvements are made.

Ensures accurate valuation reflecting current market conditions, assisting in financial decisions.

The Gates, TN homeowners’ guide to property appraisals

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