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Why Should You Appraise Your Home with Maureen Fox of Maureen Fox Company

By Maureen Fox

Tell us a little bit about your company and its foundation.

I've been appraising real estate for 23 years. I was trained by a residential appraiser then two commercial appraisers. I've taken that experience and opened my own business in 1998.

What is a list of reasons someone should appraise their home? (Bullet points which short explanation is fine)

  • Property Tax Appeal: When you believe the county estimates your value too high. Your RE taxes are based on the value of your real estate.
  • Divorce
  • Estate Planning or Estate Taxes
  • Helps to establish a sale price between interested parties.
  • Helps to determine a potential sale price prior to listing it, or even after it was listed if it isn't selling.
  • Equitable distribution: When partnerships are ending and assets need to be split between all parties.

How are home appraisers paid? (e.g. standard/fixed fee, transportation costs, etc.)

Appraisal fees are based on the assignment. Most homes have a fixed fee; however, that fee could be different if the property is unique, has large acreage, or is a mansion type property. Commercial and industrial appraisal fees vary too and are based on the amount of work involved.

How long does an appraisal take?

A home appraisal from start to finish can be about 5-10 days. That includes scheduling the appointment to inspect the house, inspect the house, and then complete the appraisal report. A commercial or industrial appraisal can vary. At least one week, but on average, 2-3 weeks. I always tell people that I can get the report to you when you need it, just let me know.

What is the best way for people to reach you and or your company?

You can call me at my office at 215-794-9093, or email me at maureen@maureenfoxappraisers.com.

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Phone: 215-794-909

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