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Avatar for Mike Murgatroy CrossCountry Mortgage

Mike Murgatroy CrossCountry Mortgage

4.94(
503
)

Mike Murgatroy CrossCountry Mortgage

4.94(
503
)
Customers say: True professional
Recommended by 97% of Angi customers
Recommended by 97% of HomeAdvisor customers

Mike Murgatroy has 24 years of lending experience and is an Angi Super Service Award recipient 2012-2022. Mike is also ranked in the top 1% mortgage originators in the United States. With integrity at the core of his values, you can rest assured that Mike Murgatroy will give you informed detailed mortgage advice, the same he would recommend to his own family. We pride ourselves on having a transparent process which we will walk you through every step of the way. Start your application process today by visiting themurgteam.com and find out why so many others continue to bring their business to Mike Murgatroy. NMLS ID# 60099; http://www.nmlsconsumeraccess.org

"It went great again. I am a repeat customer. They are professional, organized, and they perform like a well oiled machine. From the application process to the closing A+++++++ They do what they say they are going to do in a timely manner. I cannot say enough about this team. Thank you for another great experience Michael, Peter, Monica, and Connie."

Joseph V on March 2022

Mike Murgatroy has 24 years of lending experience and is an Angi Super Service Award recipient 2012-2022. Mike is also ranked in the top 1% mortgage originators in the United States. With integrity at the core of his values, you can rest assured that Mike Murgatroy will give you informed detailed mortgage advice, the same he would recommend to his own family. We pride ourselves on having a transparent process which we will walk you through every step of the way. Start your application process today by visiting themurgteam.com and find out why so many others continue to bring their business to Mike Murgatroy. NMLS ID# 60099; http://www.nmlsconsumeraccess.org

"It went great again. I am a repeat customer. They are professional, organized, and they perform like a well oiled machine. From the application process to the closing A+++++++ They do what they say they are going to do in a timely manner. I cannot say enough about this team. Thank you for another great experience Michael, Peter, Monica, and Connie."

Joseph V on March 2022

Property Appraiser questions, answered by experts

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

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. 

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.

Ensures accurate valuation reflecting current market conditions, assisting in financial decisions.

The Forest, VA homeowners’ guide to property appraisals

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