Appraisal Services Marietta GA
Before issuing a loan for someone to buy a property, lenders almost always require that the property be appraised. This is done because the property is the lender’s collateral for the loan they issue, so the lender wants to make sure that the value of the property can cover the loan. Find out what you need to know about appraisal services if you’re looking into buying a home in Marietta.
Jim Chandler770-527-8029
3141 Casteel Rd. NE
Marietta, GA
Jim Chandler
770-527-8029
3141 Casteel Rd. NE
Marietta, GA 30062
Company
Chandler Appraisal Services
Appraisal Types
Residental, fha, hud, erc
Licensing Information
License Number: 1182
Insured
Counties Served
Barrow, Bartow, Cherokee, Clayton, Cobb, Dekb, Fayette, Forsyth, Fulton, Gwinnett, Henry
James Bynum770-971-3028
2520 E. Piedmont Rd
Ste F # 130
Marietta, GA
James Bynum
770-971-3028
2520 E. Piedmont Rd
Ste F # 130
Marietta, GA 30062
Company
Bynum Appraisal Group
Appraisal Types
Residental, fha, hud, edi, erc
Licensing Information
License Number: L6070
Insured
Counties Served
Barrow, Bartow, Carroll, Cherokee, Clayton, Cobb, Coweta, Dekb, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Hl, Henry, Newton, Paulding, Gockde, Spding, Wton
Sean Weidman770.592.7842
4562 North Landing Way
Marietta, GA
Sean Weidman
770.592.7842
4562 North Landing Way
Marietta, GA 30066
Company
Alchemy Appraisals
Appraisal Types
Residental, fha, hud, edi, erc
Licensing Information
License Number: 260509
Insured
Lionel Murray770-855-5877
1965 Shiloh Valley Trl
Kennesaw, GA
Lionel Murray
770-855-5877
1965 Shiloh Valley Trl
Kennesaw, GA 30144
Appraisal Types
Residental, fha
Licensing Information
License Number: 242813
Counties Served
Bartow, Cherokee, Cobb, Dawson, Douglas, Fulton, Gilmer, Paulding
Mark Fields678-468-7028
1838 Mountain Lake Dr. NW
Kennesaw, GA
Mark Fields
678-468-7028
1838 Mountain Lake Dr. NW
Kennesaw, GA 30152
Appraisal Types
Residental, fha, edi
Licensing Information
License Number: 252224
Counties Served
Bartow, Cherokee, Clayton, Cobb, Dekb, Fayette, Forsyth, Fulton, Gwinnett, Henry, Paulding
Thomas Jordan678-938-4225
P.O. Box 72002
Marietta, GA
Thomas Jordan
678-938-4225
P.O. Box 72002
Marietta, GA 30007
Company
Appraisal First Group, LLC.
Appraisal Types
Residental, fha, edi
Licensing Information
License Number: 290826
Insured
Counties Served
Cherokee, Cobb, Fulton, Gwinnett
Pat Mishoe770-594-9266, Cell 678-428-0010
4347 Revere Circle
Marietta, GA
Pat Mishoe
770-594-9266, Cell 678-428-0010
4347 Revere Circle
Marietta, GA 30062
Company
Value Plus Appraisal
Appraisal Types
Residental, fha
Licensing Information
License Number: GA267743
Insured
Counties Served
Barrow, Bartow, Carroll, Cherokee, Clayton, Cobb, Coweta, Dekb, Douglas, Fayette, Fulton, Gwinnett, Hl, Henry, Newton, Paulding, Gockde, Spding, Wton
Brandon Orr(404) 569-8777
1696 Holcomb Lake Road
Marietta, GA
Brandon Orr
(404) 569-8777
1696 Holcomb Lake Road
Marietta, GA 30062
Appraisal Types
Residental, fha, hud, edi, erc
Licensing Information
License Number: 7091
Insured
Counties Served
gabarrow, gabartow, gabibb, gacarroll, gacherokee, gaclayton, gacobb, gacoweta, gacrawford, gadawson, gadekb, gadouglas, gafayette, gaforsyth, gafulton, gagwinnett, gahl, gahenry, gahouston, gajackson, ganewton, gapaulding, gapeach, garockde, gaspding, gawton
William McCarthy678-495-1423
4480 South Cobb Drive,
Suite H, PMB 514
Smyrna, GA
William McCarthy
678-495-1423
4480 South Cobb Drive,
Suite H, PMB 514
Smyrna, GA 30080
Company
The Appraisers LLC
Appraisal Types
Residental, fha, hud, edi, erc
Licensing Information
License Number: CR5852
Insured
Counties Served
Bartow, Butts, Clayton, Cobb, Coweta, Dekb, Fayette, Fulton, Gwinnett, Henry, Newton, Paulding, Gockde, Spding
Lauren Perkins678-777-2658
P.O. Box 813233
Smyrna, GA
Lauren Perkins
678-777-2658
P.O. Box 813233
Smyrna, GA 30081
Company
J3 Appraisals, LLC.
Appraisal Types
Residental, fha, hud, edi
Licensing Information
License Number: CR280606
Insured
Bonded
Counties Served
Barrow, Bartow, Carroll, Cherokee, Clayton, Cobb, Coweta, Dawson, Dekb, Douglas, Fayette, Forsyth, Fulton, Gordon, Gwinnett, Hl, Harson, Henry, Newton, Paulding, Pike, Gockde, Spding, Wton
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An appraisal is an unbiased estimate of a property’s true value
This estimate is based on the property’s location and amenities, relating them to what other homes in the same area have sold for recently
Help sellers determine fair market price
Help buyers figure out if a home price is a good deal
Lenders usually require an appraisal before issuing a loan
Some lenders will accept a “drive-by” appraisal if the property was recently appraised
An appraiser inspects a home and notes any problems
An appraiser does not investigate a building’s structure or mechanical systems
Turn around time for an appraisal is usually 3-7 days
An appraisal costs $350 to $600 on average
The buyer pays a portion of this fee with closing costs
Before issuing a loan for someone to buy a property, lenders almost always require that the property be appraised. This is done because the property is the lender’s collateral for the loan they issue, so the lender wants to make sure that the value of the property can cover the loan.
An appraisal is an unbiased evaluation of a property’s true value, usually conducted by a trained professional. Appraisals are not only help lenders to determine if they should issue a loan or not, they can also help sellers to determine a good price at which to list the property and buyers to determine if the price a property is listed at is a fair market price.
When a lender requires an appraisal, the lender will normally commission the appraisal on their own. You can commission your own appraisal, but make sure the bank will accept your appraisal before doing so. Otherwise, you’ll wind up paying for two appraisals. If the lender commissions the appraisal, you are still entitled to see it and the lender is forbidden by law to overcharge you for the service. After having your house inspected, you should hear back from the appraiser with the amount of the appraisal within 3-7 business days.
Appraisers are licensed by the state after completing training on how to determine the value of a property. The key elements in an appraiser’s analysis are its exterior appearance, its amenities, and what prices similar homes in the same area have recently sold for. The old mantra of “location, location, location,” holds true here, since a comparison to other homes in the same neighborhood is usually the most important element in an appraisal.
When the appraiser comes to inspect the property, he/she will usually conduct a walk-through of the property in order to determine its condition and to see any amenities that could add to or detract from the property’s value. Many appraisers will photograph the property or sketch a layout. Any health or safety code violations will be noted by the appraiser so that they can be fixed before your loan is approved. It is important to remember that an appraiser is not trained to inspect a building for structural soundness, nor to inspect its mechanical systems. To have either of these things done, contact a licensed home inspector or contractor.
A property that has been appraised within the past three years will not always require a full appraisal if you are refinancing. Lenders will sometimes accept a “drive-by” appraisal in lieu of the full process. It is extremely uncommon for a lender to approve a loan on the basis of a drive-by appraisal
Full appraisal fees usually range from $350 to $600. (Drive-by appraisals are normally under $275). The rate varies based on the size and value of the property, the region, the type of appraisal report that has been requested, and how much time and effort went into creating the report. If your lender commissioned the appraisal, they are required to charge you what the appraiser charged them.
The cost for an appraisal ordered by a lender will usually be covered by the buyer as part of his/her closing costs. A motivated seller might could pay for an appraisal in order to support the price of the property and reduce the buyer’s costs. If you are doing this, make sure that the appraiser you hire will be acceptable to a large number of lenders.
When looking to buy a home, ask your real estate agent for a general Comparable Market Analysis (CMA) for the neighborhood you are interested in. Looking at a CMA gives you a baseline for what you can expect to pay, but make sure that the prices listed are for final sales within the last six months and for properties similar to what you are looking for (square footage, age, number of rooms).
In a For Sale By Owner (FSBO) transaction, an appraiser can do comparison research for you, as well as gather any information about possible easements, restrictions, or encumbrances on the property. All of this information can be formulated into a report for your lender by the appraiser.
It is sometimes prudent for a seller to get a “pre-listing” appraisal to determine the property’s fair market value. This can also help you by creating an accurate and full description of your property’s features that affect its value. A pre-listing appraisal can help you in selling your home by providing proof of the condition of your property to any potential buyers.
IMPORTANT: If you are buying a property, be certain to include a clause in your agreement to buy the property that allows you to back out of the agreement if the property is appraised for an amount so far below the sale price that your lender refuses to loan you the amount you need to buy the property.
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Closing Costs for Home Buyers Marietta GA
When the time comes to closeon your home, you will be given a stack of paperwork which shows the line by line of every fee you encounter during your real estate purchase. Remember, these costs are in addition to your minus escrow money and down payment. And be forewarned, these costs will ad up to 3 to 5% of your total purchase.
