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 Summerset, SD

*The Angi rating for Property Appraisal companies in Summerset, SD 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 Summerset, SD 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 04, 2025

Reviewed in October 2016
It's still in progress, but it's off to a really good start. Penny is so responsive and goes the extra mile to make sure things get done on time and correctly.
Penny Smith Realtor/Appraiser
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Reviewed in February 2015
Ben was a great asset to us in learning about the Charleston area housing market. He answered all of our questions in easy to understand terms and was very considerate. He was on time and have us a $25 discount for finding him on Angie's List. Very professional and well spoken.
Carolina Home Appraisals, LLC
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Reviewed in June 2012
They worked hard to find the correct comps for my house, which was not easy in this market, as most of the houses in my neighborhood are much smaller. They were responsive and explained things thoroughly
Ebb & Flow Appraisals LLC
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Reviewed in March 2014
Ben was prompt, courteous and professional. I wanted the appraisal done as soon as possilble so I could put the house on the market within the week. Ben actually completed the appraisal earlier than he said he would. Fantastic job and highly recommended.
Carolina Home Appraisals, LLC
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Reviewed in August 2011
Everything was great. I called him up and he told me when he was available, which was the very next day. He called and sent an email when he was done to give me some great insight about the property.
DICICCO & ASSOCIATES LLC
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Reviewed in March 2015
Ben's service was prompt, courteous, careful, and thoroughly professional. It was everything that I could have wanted in having an appraisal performed.
Carolina Home Appraisals, LLC
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Reviewed in April 2008
We had an appraiser for some acreage we bought. The first appraiser who was from the mortgage company refused to even walk the property since it was wooded and fairly thick. She said we needed to get a new survey which would cost nearly $10,000 and she would appraise it from what the surveyors...
Ebb & Flow Appraisals LLC
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Reviewed in April 2013
Benson contacted my promtly and was on time for our appointment. I received my apprasial a couple of days later. The work was quality and Benson was very professional and emailed me several times.
Carolina Home Appraisals, LLC
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Reviewed in March 2016
Thomas completed a residential property appraisal for me, the buyer, on a FSBO property in order to determine a fair market price for preliminary negotiations with the seller. Although he was a little late for the appointment and had some minor discrepancies in his report, he was spot on with...
Ebb & Flow Appraisals LLC
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Reviewed in November 2019
Benson was professional and courteous from start to finish. He was on time and detail oriented. He even took the time to answer all my questions, and I ask a lot of them. I would hire him again if I ever need an appraiser.
Carolina Home Appraisals, LLC
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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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FHA Appraisal Guidelines and Requirements

FHA loans are backed by the government and come with specific FHA appraisal guidelines and requirements. Learn what an FHA appraisal entails in this guide.