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Catherine Joslin Coman Appraisals
4.8(
2
)
Appraisal - Real Estate

Serving Newbern, TN and surrounding areas

In business since 1992

Free estimates

Catherine Joslin Coman Appraisals specializes in providing professional real estate valuation services in the state of Tennessee. Appraisal reports are prepared with the precision that the industry demands, and all of our assignments comply with the Uniform Standards of Professional Appraisal Practice. We appraise all types of residential properties. With more than 25 years of appraisal experience in the state of Tennessee, Catherine Joslin Coman Appraisals has built its business on integrity, honesty, accuracy, and attention to detail. Call us today!

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Property Appraiser questions, answered by experts

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.

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.

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.

While some aspects of an appraisal, such as comparable properties nearby, are out of your control, there are several steps you can take to potentially increase your home's value. Make any necessary repairs and upgrades before the appraiser's visit, as they can only value what is currently part of the home, not its potential. Examples include renovating older areas, updating landscaping to boost curb appeal, and staging your home. You can also provide the appraiser with the cost of recent upgrades, which may increase your home's value by about 50% or more of what you paid for those improvements.

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

The Newbern, TN homeowners’ guide to property appraisals

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