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Accurate Appraisal Services, LLC
New to Angi

Serving Dewitt, VA and surrounding areas

In business since 1999

If you are requesting an appraisal for LENDING purposes, new mortgage or refinance, the lender must order the appraisal. This is Federal regulations. \n\nI can help you with an appraisal for an estate settlement, tax challenges, to determine the current market value of your home to place on the market or to determine the value of a property to make an offer. If you are refinancing or applying for a new loan, mortgage, your lender orders the appraisal.

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Property Appraiser questions, answered by experts

If installing board and batten fixes an issue with the home, it could increase the value, but it isn’t commonly installed for that purpose. Board and batten is an aesthetic choice and, like most aesthetic choices, will do little to raise your home’s value. That being said, certain design elements can help attract more buyers, even if your home’s price won’t see a noticeable bump. 

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 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. 

Yes, experienced appraisers handle a variety of property types with tailored methods.

As a seller, it might feel tempting to skip the appraisal, especially in a hot market that sees a lot of all-cash offers. While you can technically forgo it and hope for an all-cash offer, you’ll likely have a very tough time selling without an appraisal. 

In addition to protecting lenders from risk, appraisals also protect buyers’ investments. As such, it isn’t typically recommended for buyers to skip appraisals.

The Dewitt, VA homeowners’ guide to property appraisals

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