Real Estate Appraisals in Cherry Hill, NJ
A home purchase is the most serious investment most people could ever make. It doesn’t matter if it’s where you raise your family, a second vacation property or one of many rentals, purchasing real property is a detailed transaction that requires multiple parties to make it all happen.
Trust is the most critical part of the home buying process. You need a non-partisan, completely objective real estate appraiser to ensure a property’s price is consistent with its actual value. This helps to ensure the buyer, seller, real estate agency, and banks are confident in the home buying process.
Home Appraising Group is that experienced real estate appraisal company. Serving South Eastern Pennsylvania and Southern NJ for more than 15 years, our real estate company has first-hand knowledge of the Cherry Hill area, and the types of properties found there. We have appraised suburban, urban, and rural homes, and we can guarantee our real estate appraisal services are nonpartisan, objective, and based on the actual value of the property.
REAL ESTATE APPRAISAL SERVICES
There are several reasons why clients come to us to appraise their real estate. We perform thorough home appraisals for real estate owners looking to get their homes to market or who need to otherwise know a property’s actual value. Still, there are other uses for home appraisals that homeowners might not be aware of.
Did you know that you can challenge your local government’s assessment of your property value? If your local government is overvaluing your property’s worth, then you may be paying more in taxes than is fair. Home Appraising Group can get a more accurate real estate valuation and save you money on your annual property taxes.
A home appraisal can also help get rid of your monthly PMI payments on your mortgages. Due to many factors, a home’s value fluctuates over time. If your property’s value has changed and you own more equity. As a result, you no longer have to make PMI payments if you own more than 20%. An appraisal can help you determine whether you’ve hit that milestone.
THE APPRAISAL PROCESS FOR YOUR HOME
The first step of our appraisal process is a thorough inspection of your property, its boundaries, and your home’s interior and exterior. We need to compare your actual property with how it is listed, as things frequently change both in the house and in the housing market. We need to consider any home additions, changes to the boundaries of your property, recent renovations to your home or in your landscape. All of these factor into our evaluation.
Additionally, we consider the age of your home and the age, quality, and functionality of your appliances and amenities. We look for damage and defects in the home’s construction and its appearance. We also consider the age and functionality of your HVAC system.
We use all of this data to calculate your property’s value. There are three different formulas for calculating a property’s value – comparable sales, cost valuation, and income valuation. These different methods help us get the most accurate valuation.
PRICE OF A REAL ESTATE APPRAISAL IN CHERRY HILL
You can expect a standard home appraisal to cost anywhere from $300 to $450, but the actual cost depends on a few factors. We need to consider the square footage of the property, the size of the home that needs to be inspected, and the state of the home and property. Usually, the more detail we need, the longer the process can take.
INTERIOR AND EXTERIOR APPRAISALS
Home Appraising Group performs thorough evaluations and inspections to get our clients the most accurate property valuation. Everything needs to be accounted for to get a precise number for your home’s worth. We bring the same care and thoroughness toward examining your home’s exterior as we bring toward appraising your home’s interior. We go above and beyond to get you a clear picture.
TRUSTED HOME APPRAISERS IN CHERRY HILL
Home Appraising Group has developed an intimate knowledge of the landscape of Southeastern Pennsylvania and Southern New Jersey. We know it has many diverse properties, urban, rural, and in between. Countless homeowners, business owners, banks, and real estate agencies are able to complete fair transactions based on our professional appraisals. Home Appraising Group places trust first when appraising real estate for our clients. Trust us with your next home appraisal.
Contact Home Appraising Group today and schedule a home appraisal.