What is a Home Appraisal, and Why Does it Matter?
A home appraisal is an estimate of a home’s market value. It is often required by banks before they will issue a mortgage loan. The appraisal helps to ensure that the lender is not lending more money than the property is worth, and that the borrower is not taking on more debt than they can afford.
How Does a Home Appraisal Work?
A home appraisal typically involves a licensed appraiser visit the property, and assess its value based on recent sales of similar homes in the area. The appraiser will also take into account the condition of the property, any special features it may have, and other factors that could affect its value.
Who Pays for a Home Appraisal?
In most cases, the borrower will pay for the home appraisal. However, there are some situations where the lender may cover the cost.
Why Does a Home Appraisal Matter?
A home appraisal can matter a great deal when it comes to buying or refinancing a home. If the appraised value is less than the agreed upon purchase price, the buyer may have to come up with additional cash to close the deal. If the appraised value is less than the loan amount, the borrower may not be able to refinance their mortgage. In either case, it is important to be aware of a home’s appraised value before entering into any agreements.
How Long Does it Take to Get a Home Appraised?
It typically takes a few days to a week to get a home appraised. The appraiser will need to schedule a time to visit the property, and then may take a few days to complete the report.
How Much Does a Home Appraisal Cost?
Home appraisals can vary in cost, but typically range from $300 to $500. The exact cost will depend on the size and location of the property, as well as the appraiser’s fee.
$839,900
411 Cottonwood Lane Jasper, Indiana
5 Beds 5 Baths 6,187 SqFt 0.93 Acres
Listing courtesy of Gwen Gosman from RE/MAX Local.
$785,000
410 Riverside Drive Jasper, Indiana
7 Beds 6 Baths 5,132 SqFt 1.13 Acres
Listing courtesy of Brenda Welsh from SELL4FREE-WELSH REALTY CORPORATION.
$599,000
39 Hannah Lane Jasper, Indiana
4 Beds 4 Baths 4,834 SqFt 1.65 Acres
Listing courtesy of Nathan Hanselman from SELL4FREE-WELSH REALTY CORPORATION.
$509,700
3289 St. Charles Street Jasper, Indiana
4 Beds 4 Baths 3,906 SqFt 0.595 Acres
Listing courtesy of Brenda Welsh from SELL4FREE-WELSH REALTY CORPORATION.
$401,150
4801 N Portersville Road Jasper, Indiana
3 Beds 2 Baths 1,501 SqFt 1 Acres
Listing courtesy of Gary Schnell from SELL4FREE-WELSH REALTY CORPORATION.
$374,900
149 E State Road 56 Jasper, Indiana
4 Beds 2 Baths 3,527 SqFt 1.73 Acres
Listing courtesy of Opal Sermersheim from SELL4FREE-WELSH REALTY CORPORATION.
$349,700
464 Kluemper Road Jasper, Indiana
3 Beds 2 Baths 1,851 SqFt
Listing courtesy of Brenda Welsh from SELL4FREE-WELSH REALTY CORPORATION.
$342,000
1153 W 13th Street Jasper, Indiana
3 Beds 3 Baths 4,541 SqFt 0.36 Acres
Listing courtesy of Amy Uebelhor from SELL4FREE-WELSH REALTY CORPORATION.
$320,000
3255 E State Road 164 Jasper, Indiana
4 Beds 3 Baths 2,944 SqFt 1.02 Acres
Listing courtesy of BrendaKrempp from RE/MAX Local.
$289,700
4229 New Birch Drive Jasper, Indiana
3 Beds 2 Baths 1,429 SqFt 0.24 Acres
Listing courtesy of Brenda Welsh from SELL4FREE-WELSH REALTY CORPORATION.
Are You Thinking of Buying a Home in Dubois County?
Use our site to search homes for sale in Jasper, Dubois, Spencer, Martin and Davis counties, as well as all the surrounding communities. Unlike the “big name” sites out there, at Sell 4 Free Welsh Realty, our site is directly connected to our local MLS. We update it with new homes every hour.
Sign up for new listing alerts so you can stay on top of the newest homes for sale – and get price change alerts so you can stay ahead of other buyers and beat them to the hottest deals!
Start Your Home Search Here
Popular Jasper, Indiana Home Searches:
- Homes for sale Evansville, IN
- Southern Indiana homes for sale
- Santa Claus, Indiana cabins
- Homes for sale Newburgh, IN
- Homes for sale Dubois County, Indiana
- Homes for sale in Jasper, Indiana
- Homes for sale in Huntingburg, Indiana
- Ferdinand, Indiana homes
- Farms for sale in Indiana
- Homes for sale in Santa Claus, Indiana
Newest Homes for Sale in Dubois County
View the newest homes listed in Dubois County in the last 10 days:
$269,700
Active
113 W Wilson Circle Huntingburg, Indiana
3 Beds 2 Baths 1,321 SqFt 0.23 Acres
Listing courtesy of Brenda Welsh from SELL4FREE-WELSH REALTY CORPORATION.
$839,900
Pending
411 Cottonwood Lane Jasper, Indiana
5 Beds 5 Baths 6,187 SqFt 0.93 Acres
Listing courtesy of Gwen Gosman from RE/MAX Local.
$401,150
Pending
4801 N Portersville Road Jasper, Indiana
3 Beds 2 Baths 1,501 SqFt 1 Acres
Listing courtesy of Gary Schnell from SELL4FREE-WELSH REALTY CORPORATION.
