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Indianapolis Home Appraisal Companies

HomeIndianapolis Home Appraisal Companies

Indianapolis Home Appraisal Companies

As reported in Forbes, Indianapolis is among the key housing markets to watch out for this year. Some key market trends that the article mentions include:

  • 65% of Indianapolis homes sold were off the market within two weeks in October 2020
  • The average value of an Indianapolis home rose 10.9% from 2019-2020
  • Indianapolis’ available housing inventory took a precipitous decline, from 6,315 homes in 2019 to 3,247 homes in 2020

It’s a very good seller’s market right now, but how can you make sure that you’re getting the full value out of your home? How can you ensure that you’re selling at a reasonable value? That’s where the necessity for appraisals comes in.

You’ll want to work with experienced, thoughtful, and focused people that know how to take everything into consideration when assessing your home’s valuation. In this context, “everything” could mean:

  • The condition of the property
  • The location surrounding the property
  • The overall market trends around the property
  • The local “comps” that could be compared to the property

You might think you could figure out these things on your own, but trends can readily change at a moment’s notice. If vandalism, natural disaster, or some other freak incident occurred at your home, then you’ll really need to be careful about quantifying and attending to the damages.

That’s why these tasks are best left to a professional. If you still have any reservations about ordering a professional appraisal, then keep reading to dispel those reservations.

Why Hire A Home Appraiser?

There are many reasons why you should consider hiring a home appraiser when selling it:

  • To determine the valuation of your home
  • To ensure the buyer isn’t paying more than the home’s worth
  • To have your lender issue a mortgage loan
  • To have a fair, neutral intermediary party in the process

Appraisers must be state-licensed and adhere to both local and federal regulations in serving as neutral, objective, good-faith actors. They should not act with a bias overwhelmingly in favor of one party nor the other in the transaction and try to work toward the best possible outcome for both parties.

Beyond selling, there are other reasons that one might consider arranging a home appraisal. Lenders are required to hire an independent appraiser before issuing a mortgage loan because they want to ensure that they’re investing accurately and responsibly. 

Likewise, a buyer may want a home appraisal done to ensure that they’re getting a fair deal and not spending more than the home is actually worth. No matter where you are in the transaction, working with a reputable appraiser is an essential step in ensuring that everyone walks away satisfied. 

How Much Does A Home Appraiser Cost?

According to Home Advisor, the average cost of a single-family home appraisal is between $312 and $407. If you’re appraising a multi-family home, then expect to pay between $600 to $1500 when all is said and done. 

That might seem like a pretty high cost, but it could save you from even higher costs and headaches in the future. You wouldn’t want to miss out on loans that would make paying for your home easier, and likewise, you don’t want to end up spending more than the home is actually worth.

Regardless, make sure that you’re investing in the best appraisers money can buy.

Get Quality Service From Allstate Appraisal!

Since 1959, our winning appraisal management team has been in continuous service through each business day without interruption. We’ve worked tirelessly to satisfy our clientele with comprehensive quality appraisal management services, and we can work tirelessly to satisfy you with a meticulous, six-step residential appraisal.

Contact us today to learn more and arrange an appraisal order!

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To order an appraisal on any property type throughout the United States click on the button below.

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