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Avatar for Dorman Appraisal Group
Dorman Appraisal Group
5.0(
3
)
Appraisal - Real Estate

Serving Emory, TX and surrounding areas

Approved

Small jobs welcome

"All went smooth did as we asked and very happy with how quick he completed the work. We are glad we decided to get an appraisal before selling. It helped make sure we where getting the most for our home."
38 neighbors recently requested a quote
Property Appraiser questions, answered by experts

Around 1-2 weeks, including inspection and reporting time for an official evaluation.

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

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. 

Ideally, you’d never pay more than the appraised value for a home, but there are some instances where it makes sense to do so. For example, if your current living arrangements are no longer viable and you need a place to move into quickly, paying more than the appraised value might be in your best interest to secure a new home. Additionally, if you’re buying in a hot market, overpaying for the home might be necessary to overcome the competition.

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.

The Emory, TX homeowners’ guide to property appraisals

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