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TRUSTED BY LANCASTER, TX HOMEOWNERS

  • Average homeowner rating star icon4.5
    Average homeowner rating
  • Verified reviews icon15
    Verified property appraisals reviews

Find Property appraisers in Lancaster

Avatar for 1st Appraisal Choice, Inc.
1st Appraisal Choice, Inc.
4.8(
78
)
Appraisal - Real Estate

Serving Lancaster, TX and surrounding areas

Approved

Super Service Award Winner

In business since 1997

Free estimates

Small jobs welcome

"Michael was professional and a pleasure to work with. His appraisal was very detailed and provided me all the information I needed to make an informed decision. I needed a very quick turnaround and Michael understood and provided just that. I would definitely use this company again!"
estimate of living area
Response time1 day
196 neighbors recently requested a quote
Recommended by86%of homeowners
Avatar for Dorman Appraisal Group
Dorman Appraisal Group
5.0(
4
)
Appraisal - Real Estate

Serving Lancaster, 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."
40 neighbors recently requested a quote
Avatar for Marketplace Housing
Marketplace Housing
4.3(
11
)
Appraisal - Real Estate

Serving Lancaster, TX and surrounding areas

In business since 2003

Free estimates

Emergency services offered

"Marketplace Homes has managed two residential rental properties for me, and everything has always been very easy. They coordinate showings, negotiated rent with tenants, and hired contractors as needed at each property. I would use them for any rental property I have in the future!"
Recommended by77%of homeowners
Avatar for A-1 Guaranteed Foundation Repair
A-1 Guaranteed Foundation Repair
4.8(
1,205
)
Appraisal - Real Estate

Serving Lancaster, TX and surrounding areas

In business since 1998

Free estimates

Credit card accepted

"We were promptly contacted to set up an appointment. Kevin arrived on time and proceeded to inspect our property. He was extremely professional and answered all of my questions. We are extremely pleased with everything!"
Recommended by94%of homeowners
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Property Appraiser questions, answered by experts

A property valuation, sometimes called a comparative market analysis or CMA, provides a real estate expert’s opinion on how much your property will sell for. It takes many things into consideration, like the condition and location of the home, but ultimately, all that matters for a property valuation is what a buyer might be willing to pay for the property. An appraisal is more concerned with determining the value. A valuation is to estimate what you’ll get for a property, while an appraisal helps a lender establish loan-to-value ratios and loan amounts.

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 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.

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.

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

The Lancaster, TX homeowners’ guide to property appraisals

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