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the Price of Home Appraisals

Price 
Location 
Submitted by  
Description
$ 0
Aug 2007
Lewis Center, Ohio
Appraisal to prepare for selling home  more... close row
$ 395
Dec 2007
Scottsdale, AZ
2500 square feet
Single residence appraisal saves on taxes  more... close row
$ 325
Apr 2008
Sharon MA
1600 sq ft
Appraisal to get rid of private mortgage insurance  more... close row
$ 300
Aug 2008
Dallas, TX
2200 sq. ft.
Appraisal needed in order to refinance a house  more... close row

Description of service

A home appraisal is a professional estimate of the value of a house, and because we were interested in refinancing our mortgage, we had to pay for the appraisal on our own and provide it to the bank. We used an appraiser that we had worked with previously and he came out and did a complete review and visual inspection of the home for $300, which also included a full written report and supporting figures on comparable homes that we submitted with our application for the loan.


Review of Service

The appraiser was very thorough and inspected every aspect of the house, including the outside and the neighborhood, so that he could assign a fair value. He also asked us some questions about improvements and the age of things like the garage door and other fixtures, which we felt showed his attention to detail. The cost for the service was reasonable compared to other appraisers, but the fact that we had to bear the cost was not entirely fair, even though it is part of the loan process. Our appraiser was also nice enough to point out some details and aspects that we could address in the future to increase the value of our house for resale.


Tips

Don't confuse an appraiser, who only gives an opinion about the value of a house, with an inspector, who is looking for defects and checking to make sure that everything works as it should. Some people think they are the same and they are definitely not. Be sure to ask when you are hiring someone so that they don't do an inspection instead.


$ 375
Mar 2007
Rainbow City, AL
Home appraisal before buying a house  more... close row
$ 500
Dec 2006
Bellmawr, NJ
900
Service was great even with rain  more... close row
$ 300
Feb 2008
Orem, UT
2100 sq ft
Fee for loan which was rejected because of appraisal  more... close row
$ 400
Feb 2008
Brighton, Michigan
9,000 square feet
Appraisal a must when selling home  more... close row
$ 315
Jul 2007
San Jose, CA
966 square feet
High quality appraisal before selling condo  more... close row
$ 625
Jun 2007
Portland, Or.
2200'
We purchased a home in the summer of 2007 and  more... close row
$ 1200
Jan 2007
Houston, TX
2200 square feet
Appraisal opened eyes on asbestos and mold  more... close row
$ 150
May 2007
Ashland, Kentucky
2000 Square foot, two level single family home
Appraising house to buy  more... close row
$ 500
Sep 2006
Bellmawr, NJ
900 sq feet
Appraisal in order to refinance house  more... close row
$ 1000
Jun 2007
Portland, OR
2500 Sq. Feet
My wife and I were planning on taking some of  more... close row
$ 0
Oct 2010
City, State
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$ 450
Jan 2007
San Diego, CA
5,000 square feet
House appraised when put on market  more... close row
$ 500
Sep 2006
Bellmawr, nj
900 sq feet
Compare prices of appraisals  more... close row