If you’re selling your home or condo before you buy again, don’t depend on online calculators to determine how much the residence you’re leaving behind is really worth.
You’ll want to know upfront how much a home appraisal costs in Florida. It runs between $375 and $500. Who pays for a home appraisal?
The buyer pays for an appraisal that’s ordered by the lender. It’s part of the closing costs.
Each market is different, and home values don’t just depend on square footage and the number of bedrooms.
In South Florida, you can rely on your Lang Realty agent to tell you the things that can hurt a home appraisal which can include:
Your roof’s age, since home insurance costs are based on roof inspections that are less than 20 years old;
Your roof’s material, since Florida laws on required roof materials keep changing;
How soon your air-conditioning system would need to be replaced;
Mold or mildew mitigation;
How soon your large kitchen appliances would need to be replaced or updated;
Other updates, such as kitchen cabinets, bathrooms, flooring, repainting;
Even maintenance fees if you buy into a condo or homeowner association.
Who actually does the appraisal and how long does it take?
Lenders use professional home appraisers to visit and evaluate each residence to verify the property is worth the agreed-upon price. How long that process takes varies and your agent will contact the lender to tell you how long it should take.
