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TRUSTED BY MURRAY, UT HOMEOWNERS

  • Average homeowner rating star icon4.7
    Average homeowner rating
  • Verified reviews icon169
    Verified real estate services reviews

Verified Reviews for Real Estate Service pros in Murray, UT

*The Angi rating for Real Estate Service companies in Murray, UT is a rating based on verified reviews from our community of homeowners who have used these pros to meet their Real Estate Service needs.

*The HomeAdvisor rating for Real Estate Service companies in Murray, UT is a rating based on verified reviews from our community of homeowners who have used these pros to meet their Real Estate Service needs.

Last update on June 13, 2024

Find Real estate agents in Murray

Avatar for G.A. Freese & Associates
G.A. Freese & Associates
4.4(
69
)
Appraisal - Real Estate

Serving Murray, UT and surrounding areas

Approved

In business since 1992

Free estimates

Emergency services offered

"Mr. Freese did a great job for me. He was friendly, prompt, and actually completed the appraisal ahead of schedule. I would hire him again."
Appraisal License
Response time4 hrs
Response rate90%
21 neighbors recently requested a quote
Request Quote
Avatar for Above It All Appraisal
Above It All Appraisal
5.0(
9
)
Appraisal - Real Estate

Serving Murray, UT and surrounding areas

Approved

In business since 1998

Free estimates

Credit card accepted

"Top professional he is a great communicator, he knows his stuff. Fast, efficient, and priced is reasonable"
Response time1 hour
Response rate94%
Recommended by100%of homeowners
Request Quote
Avatar for Rocky Mountain Appraisal Group
Rocky Mountain Appraisal Group
5.0(
1
)
Appraisal - Real Estate

Serving Murray, UT and surrounding areas

Approved

In business since 2012

Free estimates

Small jobs welcome

"They took time to explain the process and answered all our questions. Highy recommend them."
Response time1 day
8 neighbors recently requested a quote
Recommended by100%of homeowners
Request Quote
Showing 1-10 of 32
Real Estate Agents questions, answered by experts

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.

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.

The cost to appraise a home depends on the type. Common types include:

  • Single-family homes: $300–$400

  • FHA or VA single-family homes: $400–$500

  • Condominium: $300–$500

  • Multi-family home: $500–$1,000

  • Apartment building: $1,500–$3,000

  • Commercial properties: $1,400–$10,000

  • Raw land: $1,000–$8,000

If a home's appraised value comes in lower than the offer price, it can create complications with financing. Lenders typically won't issue a loan for more than the property's market value, as this can push the loan-to-value (LTV) ratio too high and may prevent the loan from being approved. Your options depend on whether your purchase agreement includes an appraisal contingency. If there is no contingency, both parties may be locked into the deal, meaning the buyer pays more than the appraised value. If a contingency exists, the buyer can usually renegotiate the price or withdraw from the deal. If a buyer still wishes to proceed, they can try to negotiate a lower price, increase their down payment to cover the difference, or get a second appraisal.

Ensure the property is clean, provide access to all areas, and supply relevant documents, such as recent upgrades or tax records.

The Murray, UT homeowners’ guide to real estate services

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