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Avatar for Bowden Appraisal Group, Inc
Bowden Appraisal Group, Inc
4.4(
131
)
Appraisal - Real Estate

Serving Shepherd, TX and surrounding areas

Approved

In business since 1994

Free estimates

Credit card accepted

"Called and they were able to come out within the next couple of days. Needed them to perform a measurement appraisal in order to fight the incorrect square footage that the appraisal district had on my property. Using the report they supplied I was able to get the appraisal district to make the corrections and lower my district's value of my property in turn lowering my property taxes. Recommend to everyone to have them check the accuracy of the square footage the appraisal district is showing and use a service like Bowden's to get the information needed to get it corrected."
Recommended by91%of homeowners
Property Appraiser questions, answered by experts

In most cases, selling a home in as-is condition will lead to a sale price that’s somewhere between 10% and 30% lower than normal. However, it’s often worthwhile to sell at a loss because the alternative would be to pay for the repairs yourself, which could end up costing you more. Even if they didn’t, selling as-is saves you from the time and energy you’d spend coordinating the repairs.

While some aspects of an appraisal, such as comparable properties nearby, are out of your control, there are several steps you can take to potentially increase your home's value. Make any necessary repairs and upgrades before the appraiser's visit, as they can only value what is currently part of the home, not its potential. Examples include renovating older areas, updating landscaping to boost curb appeal, and staging your home. You can also provide the appraiser with the cost of recent upgrades, which may increase your home's value by about 50% or more of what you paid for those improvements.

Both conventional loans and FHA loans are types of mortgages, but they have a few key differences. Conventional loans are backed by private lenders without any government backing, and FHA loans are guaranteed by a government agency. FHA loans are designed to be easier for borrowers with low credit scores or income to qualify for.

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

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 Shepherd, TX homeowners’ guide to property appraisals

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