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TRUSTED BY BROOKFIELD, WI HOMEOWNERS

  • Average homeowner rating star icon4.8
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  • Verified reviews icon37
    Verified property appraisals reviews

Find Property appraisers in Brookfield

Avatar for Cedar Creek Appraisal LLC
Cedar Creek Appraisal LLC
5.0(
3
)
Appraisal - Real Estate

Serving Brookfield, WI and surrounding areas

In business since 2004

Free estimates

"They did a detailed job of appraising my property and (at my request) pointing out items that could be fixed or corrected to help increase the property's value if they were acted on. The appraisals were only for my knowledge of the value and were not needed by any banks or for any other considerations other than the sale price. I had them do an appraisal of the "as-is" value as well as a second one for "after-repaired-value" so I could see if renovations were worth the cost vs benefit. Because of this approach, and the suggestions for improvement, I have a much more solid idea of what I want to do with the property in preparation for sale. Thank you for the help! :-)"
Response time7 hrs
Recommended by100%of homeowners
Brian Butcher Appraisals
5.0(
3
)
Appraisal - Real Estate

Serving Brookfield, WI and surrounding areas

In business since 1994

Free estimates

"Brian is great to work with. He provided an appraisal of a very outdated home that needed a major rehab. It was helpful to have the appraisal since we had no idea what the home was worth in its condition. His fee was very reasonable and the appraisal was close to what the home ultimately sold for. I highly recommend Brian Butcher!"
Response time1 day
Recommended by100%of homeowners
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Property Appraiser questions, answered by experts

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.

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.

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 cost ranges from $300 to $500, depending on the property's size and location. Due to their complexity, commercial appraisals may cost more.

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 Brookfield, WI homeowners’ guide to property appraisals

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