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.
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.
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.
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.
1376 N Hayland Drive Jasper, Indiana
3 Beds 3 Baths 2,500 SqFt 0.85 Acres
Listing courtesy of LarryCarpenter III from Carpenter Realty LLC.
4298 W Beringer Drive Jasper, Indiana
4 Beds 3 Baths 1,636 SqFt 0.48 Acres
Listing courtesy of Opal Sermersheim from SELL4FREE-WELSH REALTY CORPORATION.
1749 W 1st Street Jasper, Indiana
4 Beds 3 Baths 2,011 SqFt 0.35 Acres
Listing courtesy of Gary Schnell from SELL4FREE-WELSH REALTY CORPORATION.
375 Daisy Lane Jasper, Indiana
4 Beds 4 Baths 3,274 SqFt 0.31 Acres
Listing courtesy of Brenda Welsh from SELL4FREE-WELSH REALTY CORPORATION.
464 Kluemper Road Jasper, Indiana
3 Beds 2 Baths 1,851 SqFt
Listing courtesy of Brenda Welsh from SELL4FREE-WELSH REALTY CORPORATION.
394 Saint Charles Street Jasper, Indiana
3 Beds 4 Baths 2,806 SqFt 0.3 Acres
Listing courtesy of Gary Schnell from SELL4FREE-WELSH REALTY CORPORATION.
4114 Lee Drive Jasper, Indiana
4 Beds 3 Baths 2,588 SqFt 0.26 Acres
Listing courtesy of SteveLukemeyer from F.C. TUCKER EMGE.
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:
1236 W Todd Lane Jasper, Indiana
3 Beds 2 Baths 1,000 SqFt 0.31 Acres
Listing courtesy of Gary Schnell from SELL4FREE-WELSH REALTY CORPORATION.
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.
479 S Carroll Drive Jasper, Indiana
3 Beds 2 Baths 1,296 SqFt 0.21 Acres
Listing courtesy of Nathan Hanselman from SELL4FREE-WELSH REALTY CORPORATION.