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Appraisal Services Nashua NH

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 Nashua.

Robert Walsh, owner
(603) 598-6077
159 Main Dunstable Road
Nashua, NH
Company
Walsh Appraisal & Assoc.
Appraisal Types
Residental, fha
Licensing Information
License Number: NHCG-201
Insured
Counties Served
nhbelknap, nhcarroll, nhcheshire, nhhillsborough, nhmerrimack, nhrockingham, nhstrafford, nhsullivan

Data Provided by:
Charles Lewis
(978) 618-6564
212 Harwood avenue
Littleton, MA
Company
MARCH APPRAISAL
Appraisal Types
Residental, fha, hud, edi, erc
Licensing Information
License Number: Ma CR-2214/N.H. CR-4
Insured
Counties Served
Essex, Middlesex, Suffolk

Data Provided by:
mark r de lisio
(978) 618-9100
P.O. Box No. 2
Andover, MA, MA
Company
mark r de lisio & associates
Appraisal Types
Commercial
Licensing Information
License Number: MA Certified General
Insured

Data Provided by:
Mark Dockray
(978) 688-8182
54 Lyman Road
North Andover, MA
Company
Preferred Appraisals
Appraisal Types
Residental, edi
Licensing Information
License Number: MA 101455
Insured
Counties Served
Essex, Franklin, Middlesex, Norfolk, Suffolk, Worcester

Data Provided by:
William Abraham
(603) 547-2555
P O Box 1541
Nashua, NH
Licensing Information
State: NH

License Number: NHCR-765
Company
Amoskeag Appraisal Co., Llc
Appraisal Certifications
Certified Residential
Conforms to AQB Criteria
Yes

Jason Haroutunian
(603) 458-5399
126 Pelham Road
Salem, NH
Company
Baseline Appraisal Services
Appraisal Types
Residental, fha, hud
Licensing Information
License Number: MACR 70036
Counties Served
Hillsborough, Merrimack, Rockingham

Data Provided by:
Amber Pennington
(888) 801-7999
--- ---
Manchester, NH
Company
Leading Edge RES, INC.
Appraisal Types
Residental, fha, hud, edi
Licensing Information
License Number: NHCR 726
Insured
Bonded
Counties Served
Hillsborough, Merrimack, Rockingham

Data Provided by:
Richard Danner
(978) 886-4044
PO Box 5183 Andover, Ma 01810
Andover, MA
Company
Garden Appraisal
Appraisal Types
Residental, fha, erc
Licensing Information
License Number: MACR 70083 NHCR 480
Insured
Counties Served
Essex, Middlesex, Suffolk, Worcester, Essex, Middlesex, Suffolk, Worcester, Hillsborough, Merrimack, Rockingham

Data Provided by:
Brian Bartlett
(978) 609-6956
30 Main Street
North Andover, MA
Company
BPB & Associates Appraisal Services
Appraisal Types
Residental, fha, edi, erc
Licensing Information
License Number: 70804
Counties Served
Essex, Middlesex, Suffolk

Data Provided by:
Douglas Dame
(603) 589-3040
229 Main St P O Box 2019
Nashua, NH
Licensing Information
State: NH

License Number: NHCG-611
Company
City Of Nashua Assessing Dept
Appraisal Certifications
Certified General
Conforms to AQB Criteria
Yes

Data Provided by:

Appraisal Services

Provided by: 

  • 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.

    Visit Homesalesnetwork.com for more information

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