Who does property appraisals?

<div><p>A licensed appraiser is the only individual that can carry out a property appraisal. You should always check to ensure an appraiser you’re considering <a href="https://www.angi.com/angi-license-check.htm">has the proper licensing</a> from your state. Additionally, since an appraisal is meant to be an unbiased opinion of a property’s value, you should confirm that the appraiser doesn’t have ties to any other party in the sale of the property.</p></div>

Who hires a property appraiser?

<div><p>Anyone can hire a property appraiser to confirm the inherent value of a property, but the buyer or buyer’s lender will usually choose the appraiser and pay the individual for their opinion. It’s also not uncommon for the seller’s side in a real estate transaction to hire an appraiser in order to justify an asking price or negotiate a higher selling price.</p></div>

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Verified Reviews for Property Appraisal pros in Indianapolis, IN

*The Angi rating for Property Appraisal companies in Indianapolis, IN is a rating based on verified reviews from our community of homeowners who have used these pros to meet their Property Appraisal needs.

*The HomeAdvisor rating for Property Appraisal companies in Indianapolis, IN is a rating based on verified reviews from our community of homeowners who have used these pros to meet their Property Appraisal needs.

Last update on April 05, 2025

Reviewed in June 2020
We are really pleased with the responsiveness and quality of work performed. The team was punctual, friendly and went out of their way to help us. They patiently responded to all my queries and left everything clean and in order. Thank you Mark, Kris and Travis...
Indiana Mold Remediation
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Reviewed in April 2014
This company stayed on target with all deadlines. When they felt they were going to exceed a deadline we were always informed. We did receive calls with concerns they would not meet initial deadlines but all initial deadlines were ultimitely met. In addition, I appreciated this company's honesty...
Indiana Mold Remediation
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Reviewed in September 2022
Stacie Johnting, with Appraisal Source, Inc., was very professional and knowledgeable. She explained her process clearly, answered all my questions and completed her appraisal in just a few days. The documents she sent were thorough and succinct. She was great to work with and I will definitely...
Appraisal Source Inc
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Reviewed in November 2020
Steve Rupp and his team did a fantastic job finding a house for us in a very competitive market. We have had the privilege of being Steve's client for eight years, buying and selling property. The service rendered has always been supreme! The level of knowledge, professionalism and personal...
Steve Rupp - Real Estate Agent
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Reviewed in June 2018
Excellent. Steve is very thorough, professional and knows the market very well. He and his team walked our family through the process with ease and kept the process easy. I would refer him to my best friend or family member.
Steve Rupp - Real Estate Agent
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Reviewed in July 2010
I called Appraisal Source on a Monday. The next morning, Tuesday, Ms. Johnting met me at the property to do the appraisal. By Thursday noon, the completed appraisal was emailed to me. Ms. Johnting came on Tuesday prepared with the property legal description and the official dimensions of the...
Appraisal Source Inc
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Reviewed in September 2010
Stacie very quickly set an appointment, arrived promptly, and was very professional. She certainly seemed to know what she was doing and asked appropriate questions. She completed her work in 45 minutes-1 hour. I received her completed, detailed appraisal in a pdf file 2 days later and felt...
Appraisal Source Inc
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Reviewed in September 2011
Stacie did a great job for us. She was responsive from the first inquiry until we received the appraisal. She emailed the morning after we submitted our initial request. There was a phone call that day to schedule the appraisal two days later. She arrived at the house as she was scheduled....
Appraisal Source Inc
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Reviewed in July 2012
We were not getting a bank loan for the home, so there was not a bank inspection. We put in the purchase agreement that we could back out of the agreement if the home did not appraise at the agreed-to price. The house did not appraise as high as we agreed to. It was interesting that our old...
Appraisal Source Inc
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Reviewed in July 2014
I needed an appraisal in order to sell my home because the 3 realtors who looked at my home gave me suggested listing prices $90,000 apart. The appraisal I received was accurate and consistent with the realtor who priced my home for the most money. My home sold for that amount.
Appraisal Source Inc
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Property appraisers in Indianapolis

Property appraisals FAQs

An appraisal is an opinion of value, so anything that is expected to boost your home value is likely to work in your favor when it comes to the appraisal. Things like improving your curb appeal, painting, refinishing floors, and taking care of minor repairs are all good investments prior to ordering an appraisal. It’s also a good idea to clear out any clutter and complete a deep clean beforehand to show your property in the best light possible.

Appraisals aren’t required by law to complete a real estate transaction, but it’s unlikely that a lender will allow a buyer to close on a property without an appraisal, so, effectively, they are usually required. Your mortgage lender uses the property as collateral for your loan, and the appraisal is what the lender will base the mortgage on to confirm the value is there to justify their investment.

The average cost of a property appraisal is around $355, but different appraisers in your area could charge anywhere from $250 to $500. Appraisals for larger properties will often cost more, as will valuations for older properties. Appraisers will use homes in the surrounding area to help determine a valuation as well, so if your home doesn’t conform to the neighborhood standards, the valuation will require more work and will likely cost more.

A licensed appraiser is the only individual that can carry out a property appraisal. You should always check to ensure an appraiser you’re considering has the proper licensing from your state. Additionally, since an appraisal is meant to be an unbiased opinion of a property’s value, you should confirm that the appraiser doesn’t have ties to any other party in the sale of the property.

Anyone can hire a property appraiser to confirm the inherent value of a property, but the buyer or buyer’s lender will usually choose the appraiser and pay the individual for their opinion. It’s also not uncommon for the seller’s side in a real estate transaction to hire an appraiser in order to justify an asking price or negotiate a higher selling price.

The homeowners guide to property appraisals

From average costs to expert advice, get all the answers you need to get your job done.

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