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  • Average homeowner rating star icon4.7
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  • Verified reviews icon14
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Find Property appraisers in Genola

Avatar for Akrivis Real Estate Valuations
Akrivis Real Estate Valuations
4.3(
69
)
Appraisal - Real Estate

Serving Genola, UT and surrounding areas

Approved (Corporate)

In business since 2018

Credit card accepted

Offers commercial services

"Hired to do valuation of a manufactured home - not on land. Gave appraisal comparison properties included land. therefore not an accurate valuation. Thought salesperson understood nuance."
Restaurant
Response time5 hrs
Response rate89%
1241 neighbors recently requested a quote
Avatar for Denbow Appraising
Denbow Appraising
4.0(
22
)
Appraisal - Real Estate

Serving Genola, UT and surrounding areas

Approved

In business since 1979

Free estimates

Credit card accepted

"Susanne Denbow contacted me within minutes of my searching for an appraiser on HomeAdviser. She was extremely friendly and quickly booked my appointment with Lyle Burton to do my appraisal. Once completed it only took 3 business days for them to bill me and send my appraisal, at a very good cost. What A Great Company !! Thanx Susanne & Lyle !! Gary Burke"
New Mission Two Story
Mansion
Park City Log Home
Riverton Rambler
Apt - 8 plex

+5

Response time1 day
Response rate94%
14 neighbors recently requested a quote
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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.

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. 

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.

Land doesn’t depreciate in the same way that a house, vehicle, or other property does, but it can lose value based on various factors. Environmental changes, nearby development, zoning changes, and economic downturns can all cause land to lose value over time. Value is a comparative figure, so as other related factors change, so can land’s value.

The Genola, UT homeowners’ guide to property appraisals

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