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Starr Appraisal Service
5.0(
1
)

Serving Grimsley, TN and surrounding areas

In business since 2018

Free estimates

Credit card accepted

Mortgage lenders, consumers, realtors and legal professionals have called upon Starr Appraisal for years to provide high-quality estimates of market value on all sorts of homes. By continuously keeping up with local real estate trends in and the area, as well as staying current on valuation techniques through accredited courses, we've been consistently able to produce reliable home valuations for our clients. Call us today!!

Response time2 days
Avatar for NextGen Valuations Group, LLC
NextGen Valuations Group, LLC
New to Angi

Serving Grimsley, TN and surrounding areas

In business since 2023

Free estimates

Emergency services offered

NextGen Valuations Group, LLC values residential and commercial real estate in the Chattanooga Metro area. We handle larger commercial projects farther away. We have experience in the valuation of properties throughout much of Tennessee, however currently are limiting our coverage area due to higher volume. \n\nWe work with property owners seeking appraisals for a variety of reasons including pre-listing, private sale, divorce - including testifying in court, bankruptcy, curiosity, and other reasons. \n\nContact us to today to obtain an appraisal by a professional that will care about providing a high level of customer service and an unbiased value.

Real Estate Example
Response time1 day
Response rate93%
Property Appraiser questions, answered by experts

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.

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.

Appraisals can come in above or below the list price or offer price for a property, and where it falls depends on many factors. Those include the condition of the property, the location, and the age of the home, but often, the condition of the market is the biggest determining factor. Where demand is high for properties, buyers compete with each other for homes, which tends to drive up offer prices above where appraisals come in. Where demand is low, you’ll often see the opposite happening.

Depending on the size of the home, the appraisal itself can take several hours. After the appraiser’s visit is complete, it can take between a few days and a few weeks to get the report back. This timeline is largely dependent on the appraiser’s workload, research requirements, efficiency, and other factors.

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 Grimsley, TN homeowners’ guide to property appraisals

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