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Find Property appraisers in Townsend

Avatar for Knox Home Worx, LLC
Knox Home Worx, LLC
5.0(
1
)

Serving Townsend, TN and surrounding areas

In business since 2022

You can depend on us to provide a high quality service at a fair and honest price. We understand that the future of our business depends upon our reputation and that is why customer service is by far our highest priority. If you are looking for a professional you can trust, please call today to schedule a no-obligation estimate!

Farmers Branch Home
Cedar Hill Home
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+2

Response time40 mins
Response rate100%
Recommended by100%of homeowners
Michael S Fox Independent Residential Real Estate Appraiser
New to Angi

Serving Townsend, TN and surrounding areas

In business since 2004

Credit card accepted

I offer over 20 years experience in the appraisal world of real estate. I've established a solid reputation in appraising residential homes in the surrounding areas. I am committed to providing a personalized service for each individual project we take on. We look forward to building strong, long-term relationships with our clients and guarantee your satisfaction.

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.

An FHA appraisal is valid for 180 days from the effective date of the report. In some cases, you can have the appraisal recertified if you make your request before the original expires so that you still may obtain an FHA loan. If approved, your appraisal update is valid for one year.

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

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.

While there’s technically no limit to the dollar amount you can borrow for a home addition, the standard limit is around 80% of the value the addition is expected to add to your home. That means you could feasibly borrow up to $80,000 if an appraiser determines that the addition or bump out will add $100,000 in value to your property. You might also be limited by your debt-to-income ratio or credit score.

The Townsend, TN homeowners’ guide to property appraisals

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