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.

$995,000

5 Bedrooms
6 Bathrooms
5,748 Sq Ft
8.870 Acres

1700 N Newton St. Jasper, Indiana

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Listing courtesy of Larry Carpenter III from Carpenter Realty LLC.

$469,000

4 Bedrooms
3 Bathrooms
3,020 Sq Ft
0.606 Acres

329 Maplecrest Boulevard Jasper, Indiana

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Listing courtesy of Trae Dauby from Dauby Real Estate.

$417,500

3 Bedrooms
5 Bathrooms
3,404 Sq Ft
1 Acres

1100 N Bluegrass Lane Jasper, Indiana

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Listing courtesy of Kevin Bayer from RE/MAX Local.

$410,000

3 Bedrooms
3 Bathrooms
2,940 Sq Ft
2.530 Acres

634 E Wright Road Jasper, Indiana

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Listing courtesy of Stacey Hurst from RE/MAX REVOLUTION.

$400,000

4 Bedrooms
2 Bathrooms
3,490 Sq Ft
0.371 Acres

307 Newton Street Jasper, Indiana

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Listing courtesy of Tama Stemle from RE/MAX Local.

$336,000

3 Bedrooms
2 Bathrooms
1,502 Sq Ft
0.344 Acres

900 Juniper Court Jasper, Indiana

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Listing courtesy of Dara O'Neil from F.C. TUCKER EMGE.

$287,500

3 Bedrooms
3 Bathrooms
2,070 Sq Ft
0.399 Acres

1622 Sugar Pine Drive Jasper, Indiana

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Listing courtesy of Kathy Rowekamp from RE/MAX Local.

$282,999

3 Bedrooms
2 Bathrooms
1,461 Sq Ft
0.436 Acres

3845 N Portersville Road Jasper, Indiana

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Listing courtesy of Arlene Kluesner from F.C. TUCKER EMGE.

$259,700

3 Bedrooms
3 Bathrooms
2,248 Sq Ft
0.264 Acres

4517 Obing Strasse Street Jasper, Indiana

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Listing courtesy of Stacey Hurst from RE/MAX REVOLUTION.

$238,000

3 Bedrooms
2 Bathrooms
2,201 Sq Ft
0.357 Acres

2603 Brosmer Street Jasper, Indiana

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Listing courtesy of Stacey Thieman-Wright from THIEMAN REALTY.

$235,000

4 Bedrooms
3 Bathrooms
2,549 Sq Ft
0.124 Acres

612 W 8th Street Jasper, Indiana

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Listing courtesy of Dara O'Neil from F.C. TUCKER EMGE.

$219,000

2 Bedrooms
2 Bathrooms
1,266 Sq Ft

901-2 Reyling Drive Jasper, Indiana

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Listing courtesy of Kara Hinshaw from Key Associates Signature Realty.

$210,000

3 Bedrooms
2 Bathrooms
1,688 Sq Ft
0.600 Acres

468 Schuetter Road Jasper, Indiana

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Listing courtesy of Daniel Hoffman from HOFFMAN & MULLEN REALTY INC.

$208,000

2 Bedrooms
2 Bathrooms
1,800 Sq Ft
0.208 Acres

891 Giesler Road Jasper, Indiana

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Listing courtesy of Kevin Bayer from RE/MAX Local.

$198,500

3 Bedrooms
1 Bathrooms
1,086 Sq Ft
0.360 Acres

4862 N US 231 Highway Jasper, Indiana

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Listing courtesy of Kevin Bayer from RE/MAX Local.

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