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Avatar for Knox Home Worx, LLC
Knox Home Worx, LLC
5.0(
1
)
Appraisal - Real Estate

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
Las Colinas Home
Cedar Hill Home
Mansfield Home

+2

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

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

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.

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 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.

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.

In most cases, you can expect home automation to boost your home value. This technology makes the homeowner’s life easier and more comfortable, and some provide increased safety and protection. Buyers will likely recognize value in security systems and utility monitors, as well as comfort-focused upgrades that save on electric bills while keeping interior rooms at the desired temperature and humidity. On average, you can expect a 50% and 75% return on investment on home automation services, and potentially even more if the automation reduces homeowner’s insurance.

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.