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.
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.
1089 N 400 W Road Jasper, Indiana
3 Beds 2 Baths 2,940 SqFt 14.82 Acres
Listing courtesy of Bryce Lain from SELL4FREE-WELSH REALTY CORPORATION.
340 S Truman Road Jasper, Indiana
4 Beds 4 Baths 3,125 SqFt 1.77 Acres
Listing courtesy of Brenda Welsh from SELL4FREE-WELSH REALTY CORPORATION.
1479 Martha Drive Jasper, Indiana
3 Beds 4 Baths 3,087 SqFt 0.46 Acres
Listing courtesy of Gary Schnell from SELL4FREE-WELSH REALTY CORPORATION.
4783 W Pebble Drive Jasper, Indiana
4 Beds 2 Baths 1,707 SqFt 0.6 Acres
Listing courtesy of Bryce Lain from SELL4FREE-WELSH REALTY CORPORATION.
1822 W 5th Street Jasper, Indiana
3 Beds 3 Baths 2,964 SqFt 0.96 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.
186 Macy Court Jasper, Indiana
3 Beds 2 Baths 1,605 SqFt 0.51 Acres
Listing courtesy of Brenda Welsh from SELL4FREE-WELSH REALTY CORPORATION.
775 S Crestwood Drive Jasper, Indiana
3 Beds 3 Baths 2,964 SqFt 0.54 Acres
Listing courtesy of Brenda Welsh from SELL4FREE-WELSH REALTY CORPORATION.
307 Newton Street Jasper, Indiana
4 Beds 2 Baths 3,490 SqFt 0.37 Acres
Listing courtesy of Andrew 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:
4630 Bern Strasse Jasper, Indiana
3 Beds 2 Baths 1,552 SqFt 0.24 Acres
Listing courtesy of Opal Sermersheim from SELL4FREE-WELSH REALTY CORPORATION.
801 Giesler Road Jasper, Indiana
3 Beds 1 Baths 912 SqFt 0.22 Acres
Listing courtesy of StaceyHurst from RE/MAX REVOLUTION.
4783 W Pebble Drive Jasper, Indiana
4 Beds 2 Baths 1,707 SqFt 0.6 Acres
Listing courtesy of Bryce Lain from SELL4FREE-WELSH REALTY CORPORATION.