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.
$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.
$624,000
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.
$425,000
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.
$349,900
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.
$349,700
464 Kluemper Road Jasper, Indiana
3 Beds 2 Baths 1,851 SqFt
Listing courtesy of Brenda Welsh from SELL4FREE-WELSH REALTY CORPORATION.
$339,900
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.
$294,900
4114 Lee Drive Jasper, Indiana
4 Beds 3 Baths 2,588 SqFt 0.26 Acres
Listing courtesy of SteveLukemeyer from F.C. TUCKER EMGE.
$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.
$279,700
813 Dorbett Street Jasper, Indiana
2 Beds 2 Baths 1,331 SqFt 0.3 Acres
Listing courtesy of Brenda Welsh from SELL4FREE-WELSH REALTY CORPORATION.
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Newest Homes for Sale in Dubois County
View the newest homes listed in Dubois County in the last 10 days:
$274,700
Active
7975 E State Road 56 Dubois, Indiana
3 Beds 2 Baths 1,926 SqFt 1.3 Acres
Listing courtesy of Brenda Welsh from SELL4FREE-WELSH REALTY CORPORATION.
$289,700
Active
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.
$179,000
Pending
1756 W State Road 56 Jasper, Indiana
2 Beds 1 Baths 1,152 SqFt 0.93 Acres
Listing courtesy of ElizabethMehringer from RE/MAX Local.
