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Avatar for Bowden Appraisal Group, Inc
Bowden Appraisal Group, Inc
4.4(
131
)

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

A koi pond may add value to your home if it’s a feature sellers are looking for. Like pools, ponds can affect your property value depending on their condition, whether they’re a popular selling point, and how well they’re incorporated into your home’s landscape.

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.

Yes, the age of your home can impact its value. However, age is just one of many factors that will have an effect. An older home may be perceived as needing more work and maintenance, but if you’ve kept up with repairs or done any renovations, this will increase its value. Buyers will also consider the size of the house, location, and how nearby homes are priced. Lastly, value also depends on whether it’s a buyer or seller’s market.

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.

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.

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.