01 / EXPLORE THE VALUE
Three places to start without ordering an appraisal.
Start with why you need the number. None of these options guarantees a free appraisal report.
Ask an agent about a market analysis.
A comparative market analysis (CMA) uses similar homes and recent sales to suggest a selling price. Some agents offer one without a fee when discussing a listing.
Ask about fees or expectations first. A CMA is not an appraisal report.
Use an online home value estimate.
Zillow’s Zestimate is an automated estimate. It may miss renovations, interior condition or unusual features.
If you are borrowing, ask your lender.
Ask whether an appraisal is required, who orders it and who pays. If the lender offers to cover the charge, ask for the terms.
Do not assume a loan includes a free appraisal.
02 / MATCH THE NUMBER TO THE DECISION
What will you use the value for?
A possible sale, a loan and an estate can call for different kinds of valuation. Ask the person requesting the value what they need.
- Thinking about selling? An agent’s market analysis can help you explore a possible listing price.
- Applying for a loan? Let the lender explain its valuation and ordering requirements.
- Handling an estate or a family matter? Ask your attorney or other adviser what report and valuation date are needed.
Before paying for anything: confirm who will use the report, why they need it and which date the value must reflect. Share those details when you request a quote.
03 / COMMON QUESTIONS
A few things to clear up.
Does The Appraising Group offer free appraisals?
This page does not offer a free appraisal. Call (610) 798-1017 or request a quote to discuss the property and the report you need.
Is a Zestimate the same as an appraisal?
No. It is an automated estimate. It may be useful for an initial sense of value, but you should confirm what the intended recipient requires before using it for a loan or another formal purpose.
What should I have ready when I call?
The property address, why you need a value, any required valuation date and your deadline. If someone has given you written instructions, mention those too.