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Beyond Appraisals evaluates various types of residential property, from large estates to high-rise condominiums to single-family lots in the Greater Boston area. We hope that our collective experience that dates back to 1981, and the many resources and strategic alliances that we can draw upon, will help serve your needs quickly and efficiently. We combine technology, old fashioned personal service and our pledge of confidentiality to provide our clients with the highest quality service. All appraisers must have good analytical skills and work well with numbers. In addition, appraisers spend much time interacting with clients and writing reports, so good oral and written communications skills are a must. A quick and easy real estate appraisal is right around the corner.
Ederal law entitles you to receive a copy of the appraisal from your lender. Zillow Group is committed to ensuring digital accessibility for individuals with disabilities. We are continuously working to improve the accessibility of our web experience for everyone, and we welcome feedback and accommodation requests. If you wish to report an issue or seek an accommodation, please let us know. Professionalism and integrity are critical when working with an appraiser and we pride ourselves in providing you with competitive rates as well as the best possible experience.
Commercial Appraisals
The type of appraisal could vary from a small, one-story office building valued at $250,000 to a high-rise apartment building with a value of $20,000,000. If you’re applying for a conventional loan from private mortgage lenders, you may need to pay around $325 – $425 for the appraisal. Private lenders require a basic checklist and the evaluation process is straightforward.
A certified general appraiser is the highest level of licensing. He or she is able to appraise all types of property – residential or commercial – with no value limit. Typically, these appraisers will spend the majority of their time appraising commercial properties.
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Typically the mortgage lender orders the appraisal as soon as it receives the signed purchase and sale agreement in Massachusetts. Sometimes the situation requires the lender to order the appraisal sooner. In Massachusetts, it is important that the homebuyer receives a satisfactory appraisal prior to the loan commitment date. Typically, home values increase over time and grow 3-4% each year in healthy, sustainable markets. However, home values are constantly changing depending on buyer demand and local market factors such as the amount of inventory, bidding wars or economic changes in the area. Local market conditions are the best indicator of projected (short-term) home value appreciation.
If in the opinion of the appraiser the home's value is less than the agreed-upon purchase price, the homebuyer's financing could be in jeopardy. Either the lender will deny the loan or will require the homebuyer to increase the amount of their down payment by the difference between the agreed-upon price and the lower appraisal value. If the homebuyer does not have the available cash to increase the amount of the down payment, the buyer will need to cancel the transaction before the loan commitment deadline. Licensed appraisers are governed by statutes and regulations, and they must take approved courses and a test to obtain their license and continuing education to maintain their license. The Zestimate’s accuracy depends on location and the availability of data in an area.
How to Become a Real Estate Appraiser in Massachusetts
We recommend a traditional appraisal because it provides the most accurate valuation. Residential appraisals are required for a variety of reasons, including refinances, home equity loans, pre-listing services, and PMI removals. Boston Appraisal Services guarantees you will receive the most detailed and comprehensive valuation service possible for your residential property. G & K Appraisals with its team of experienced and top-notch local appraisers has excelled to the top of the industry by offering great customer service, accurate appraisals and quick turn times. Real Estate Appraisers, through their contracts with clients, provide land, commercial, and residential property appraisal services. This model has become very popular in recent years because it is very efficient.
Through the years we have perfected the craft of leveraging our knowledge and resources in the market to deliver fast and accurate appraisals. For every service, you can expect us to work professionally in complete accordance with the law and your specifications. Services are rendered by the most qualified real estate appraisers in each local market in New England. Our accredited valuation professionals are well-trained, diligent, proficient, and courteous.
Call Anderson Appraisal Service today, and let us prove to you why we're different. Once the required education is completed, and you have a supervisor, the next step is to submit an application to the Massachusetts Board of Registration of Real Estate Appraisers. The application for Massachusetts Trainees and other valuable information is located on the Commonwealth of Massachusetts’ website at /dpl/boards/ra. That’s why we provide PDF appraisals sent directly to your inbox within 48 hours of your appraisal appointment. From the first phone call, I was provided with information on what to expect. A number of services were described and the person on the phone helped me decide what service I needed.
Different appraisers have different approaches to this assessment. A home appraisal is a visual assessment of the property to determine its current value. A qualified appraiser will look at your home’s condition and consider factors like location, size, neighborhood, market conditions, and more before preparing a report. Simply fill out the form below and we'll contact you with the answer, with no obligation to you.
The process involves a full visual inspection of the property. The appraiser will walk through the property and make note of all concerns. They will also collect the data available, including recent sales of similar properties in the area, to get an approximate value of your home. A full appraisal can cost anywhere between $375 to $1,200, depending on the type of loan and property you have. As a leading real estate appraisal firm in Massachusetts, we help clients with quick and high-quality real estate appraisal services. Sullivan Appraisal Services is a locally owned full service real estate appraisal for both residential and commercial properties throughout Massachusetts.
The appraiser will sketch out the floor plan for the home, take photos of the property and look for any safety violations. If there are any such violations, the issues might need to be fixed before the lender approves the loan. The type of loan sometimes determines whether an issue needs to be corrected.
The Zestimate’s median error rate for on-market homes nationwide is 3.2%, meaning Zestimates for half of all on-market homes are within 3.2% of the ultimate sale price, and half are not. Check your home value estimate for free by entering your home address. You can improve the accuracy of your Zestimate by claiming the address as your home and updating the home details.
Ideally, the supervisory appraiser is a mentor who works with you through the entire appraisal process, helping and guiding you and answering questions. Finding a mentor and obtaining experience hours can be the most challenging part of becoming a real estate appraiser. We deliver comprehensive residential and commercial appraisal services tailored to your precise specifications. We are a leading real estate appraisal firm specializing in Residential Valuations.
On average, you can expect to pay anywhere between $400 and $1,000 for a home appraisal in Massachusetts if you’re applying for an FHA or USDA loan. Fitzgerald Appraisals is a successful firm that has been in business since 1993. We pride ourselves on our high quality services and professionalism. Our appraisers have earned and maintain the SRA and MAI designations from the Appraisal Institute. The Appraisal Institute designations represent years of proven, real-life real estate valuation experience and advanced knowledge. If your needs include a professional, fast and accurate real estate appraisal your have come to the right place.
Reconcile the multiple value indications that result from the adjustment of the comparable sales into a single value indication. Compare the house being appraised to comparable home sales according to the elements of comparison and adjust as appropriate. Tell us a little about what you need, and we'll respond quickly with our price and estimated turnaround time. We pride ourselves with offering an amazing experience that you’ll want to tell your family and friends about.
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