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.
- 3 Bedrooms
- 3 Bathrooms
- 3,878 Sq Ft
- 4.060 Acres
401 E 36th Street Jasper, Indiana
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Listing courtesy of Ryan Craig from RE/MAX Local.
- 3 Bedrooms
- 2 Bathrooms
- 2,940 Sq Ft
- 14.820 Acres
1089 N 400W Jasper, Indiana
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Listing courtesy of Zach Holt from Whitetail Properties Real Estate.
- 3 Bedrooms
- 3 Bathrooms
- 1,776 Sq Ft
- 6.260 Acres
1928 South A Street Jasper, Indiana
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Listing courtesy of Arlet Jackle from RE/MAX Local.
- 3 Bedrooms
- 2 Bathrooms
- 1,793 Sq Ft
- 0.414 Acres
4617 W Cypress Drive Jasper, Indiana
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Listing courtesy of Marissa Goodness from Carpenter Realty LLC.
- 5 Bedrooms
- 3 Bathrooms
- 4,014 Sq Ft
- 1.300 Acres
1091 W 36th Street Jasper, Indiana
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Listing courtesy of Steve Wigand from ERA FIRST ADVANTAGE REALTY, INC.
- 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.
- 3 Bedrooms
- 3 Bathrooms
- 2,734 Sq Ft
- 0.580 Acres
980 S Crestwood Dr. Jasper, Indiana
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Listing courtesy of Larry Carpenter III from Carpenter Realty LLC.
- 3 Bedrooms
- 4 Bathrooms
- 1,568 Sq Ft
- 1.100 Acres
4667 W Ireland Church Avenue Jasper, Indiana
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Listing courtesy of Marissa Goodness from Carpenter Realty LLC.
- 3 Bedrooms
- 3 Bathrooms
- 1,832 Sq Ft
- 6 Acres
912 E 420 N Highway Jasper, Indiana
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Listing courtesy of Jennifer Stallings from KELLER WILLIAMS CAPITAL REALTY.
- 3 Bedrooms
- 1 Bathrooms
- 1,377 Sq Ft
- 0.720 Acres
3584 Bittersweet Dr. Jasper, Indiana
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Listing courtesy of Larry Carpenter III from Carpenter Realty LLC.
- 4 Bedrooms
- 3 Bathrooms
- 1,972 Sq Ft
- 0.590 Acres
1477 Worrell Drive Jasper, Indiana
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Listing courtesy of Constance Nord from RE/MAX REVOLUTION.
- 4 Bedrooms
- 3 Bathrooms
- 2,103 Sq Ft
- 1.081 Acres
589 N Truman Road Jasper, Indiana
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Listing courtesy of Cheryl Arnold from CENTURY 21 ARNOLD & ASSOCIATES.
- 4 Bedrooms
- 2 Bathrooms
- 1,250 Sq Ft
- 1.900 Acres
1281 E 2nd Avenue Jasper, Indiana
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Listing courtesy of Keasha Fromme from Carpenter Realty LLC.
- 3 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.
- 3 Bedrooms
- 2 Bathrooms
- 1,560 Sq Ft
- 1 Acres
5362 W Division Rd. Jasper, Indiana
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Listing courtesy of Larry Carpenter III from Carpenter Realty LLC.
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Newest Homes for Sale in Dubois County
View the newest homes listed in Dubois County in the last 10 days:
1281 E 2nd Avenue Jasper, Indiana
4 Beds 2 Baths 1,250 SqFt 1.900 Acres
Listing courtesy of Keasha Fromme from Carpenter Realty LLC.
105 E 1st Street Huntingburg, Indiana
3 Beds 2 Baths 2,080 SqFt 0.290 Acres
Listing courtesy of Steve Lukemeyer from F.C. TUCKER EMGE.
210 W Stellar Way Huntingburg, Indiana
3 Beds 2 Baths 1,564 SqFt 0.300 Acres
Listing courtesy of Jennifer Fritz Wahl from ERA FIRST ADVANTAGE REALTY, INC.