Our team of experienced and certified real estate appraisers have in-depth knowledge of the local market, enabling us to provide accurate and reliable valuations.
We offer a wide range of real estate appraisal services, including residential appraisals, estate and divorce appraisals, and more.
We are committed to providing excellent customer service and timely delivery of accurate appraisals, ensuring our clients are satisfied with our work.
HOW MUCH IS A HOME APPRAISAL IN FLORIDA?
How does the appraisal process work? A Certified Residential Real Estate Appraiser will usually come to do a walk though of the property once a contract is signed. In order to ascertain whether the loan amount justifies the property's value, mortgage lenders will contract with an appraiser to provide an opinion of the property's current market value. The appraiser will consider a number of aspects, including the property's location, the age, condition, and living area. Additionally, the appraiser will recently sold similar homes known as comparables sales in the neighborhood. In order to determine the property's fair market value, buyers and sellers will choose to work with a Florida State-Certified Real Estate Appraiser. The buyers, sellers and their representatives are welcome to attend the appraiser's scheduled walk through of the property.
Our appraisals will be performed in accordance with the Uniform Standards of Professional Appraisal Practice (USPAP) and will include the following:
- A physical walk through of the property
- An analysis of the local real estate market
- A review of relevant public and private data sources
- A report detailing our findings and conclusions
Prior to allocating funds for a property appraisal, be aware of the following elements that affect the price:
Property Size: Larger properties that span several acres of land have substantially different appraisal charges.
Type of Loan: In order to guarantee that the property satisfies certain safety and structural criteria, government-backed loans need to go through a rigorous evaluation process. In Florida, the cost of a property appraisal for a VA or FHA loan can range from $400 to $900.
Property Condition: During the property walk though the appraiser observes the property's physically condition and will make note of materials and any signs of deferred maintenance and/or observed possible structural damage.
Before purchasing a home, you should have it appraised for the following reasons:
Establish Property worth: A home appraiser determines the fair market worth of a property in an unbiased manner.
To obtain a mortgage: An appraisal is required by lenders to verify that the value of the property serves as adequate security. If the appraisal is more than the buying price, purchasers could occasionally need to put down a bigger payment.
Evaluate Property Tax: Appraisals are used by local governments to determine the property tax. Precise evaluations can prevent homeowners from paying excessive real estate taxes.
Verify Your Insurance Coverage: A lot of house insurance policies follow the 80 percent rule. It requires homeowners to carry insurance on their assets for a minimum of 80% of their replacement cost. Appraisals help homeowners stay in compliance with this regulation and stay out of trouble for having inadequate insurance.
Here are a few things you should consider when looking for a Florida home appraiser:
Check Certification: Make sure they are licensed or certified.
Look for Reviews: Look at online reviews to ensure they are unbiased and won’t favor any party.
Check Local BBB: Check with the local BBB to determine how trustworthy the private appraiser is.
Get a Specialized Appraiser: If you are applying for a government-backed loan, you’ll need an appraiser who specializes in these assessments.
The cost of a Florida home appraisal varies according to a number of criteria, including the property's location, type, and condition as well as the kind of loan you're receiving. A home appraisal is usually required if you are applying for a mortgage.
We love our clients, so feel free to contact us during our business hours.
Palm Beach County: 561.899.0970
Broward County: 954.237.8030
Miami-Dade County: 305.428.3990
Fort Lauderdale, Florida, United States
Questions? Email us at INFO@APPRAISALSS.COM
Open today | 08:00 am – 08:00 pm |
Copyright © 2024 S&S Appraisals LLC - All Rights Reserved.
Powered by GoDaddy