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Avatar for Marketplace Housing
Marketplace Housing
4.3(
11
)
Appraisal - Real Estate

Serving Springfield, TN and surrounding areas

In business since 2003

Free estimates

Emergency services offered

"Office staff is always available for help. No job is too small or too big. They are responsive to our needs for service requests from roofing to foundations. All aspects of home repairs have been done professionally and in a timely manner. I would recommend Marketplace Homes for all your property management needs regarding property repairs and maintenance."
Recommended by77%of homeowners
Avatar for Fisher Appraisals
Fisher Appraisals
3.8(
14
)
Appraisal - Real Estate

Serving Springfield, TN and surrounding areas

In business since 2003

Fisher 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. Furthermore, all of our assignments comply with the Uniform Standards of Professional Appraisal Practice. We appraise all types of residential & small commercial properties, including but not limited to -- single family, acreages, condominiums, 2-4 family investment properties, vacant lots, and high-end lakefront dwellings. With 15 years of appraisal experience, we primarily serve Middle Tennessee; however, any county in Tennessee is not beyond our reach. Fisher Appraisals has built its business on integrity, honesty, and accuracy! I can't do appraisals for loan transactions!

Response time1 day
Recommended by75%of homeowners
Avatar for Music City Home Inspection
Music City Home Inspection
5.0(
3
)
Appraisal - Real Estate

Serving Springfield, TN and surrounding areas

In business since 2015

Free estimates

Credit card accepted

Music City Home Inspection gives you a specified time to hire your own home inspector to check the property out, and protects you from buying a home with serious, previously unknown problems. Your offer should be contingent on the results so that if there are major issues you can walk away from the transaction. If the home inspector only finds minor problems, you also have the option to require the seller to fix them or drop the price.

Recommended by100%of homeowners
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Property Appraiser questions, answered by experts

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

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.

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 condition and appearance of your yard can affect your home appraisal value. A well-maintained, attractive yard with curb appeal adds to a property’s value, while an overgrown, messy, poorly maintained yard can hurt your home’s appraisal. Even small cosmetic improvements to your yard, like adding mulch, trimming trees, and cleaning out plant beds, can help your appraisal value.

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 Springfield, TN homeowners’ guide to property appraisals

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