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Old 02-11-2019, 01:27 PM   #1
Backwoods101
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Default Appraisal cost for 80 acres, Gillespie county

I just received a quote for an appraisal on my property in Gillespie county...$2,200...is it just me or does that seem ridiculously high?


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Old 02-11-2019, 01:49 PM   #2
12RingKing
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Seems right on, actually slightly cheap...

They wanted 2500 for my 11.5 acres in Brazoria. It was easy to access as well

Edit: I was thinking survey as well...

My appraisal was around $250-300 if memory serves.

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Old 02-11-2019, 01:51 PM   #3
Backwoods101
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Quote:
Originally Posted by 12RingKing View Post
Seems right on, actually slightly cheap...

They wanted 2500 for my 11.5 acres in Brazoria. It was easy to access as well


Thks, had no clue they were that high. If he doesn’t ask me for the gate code I’m gonna ask him for a discount lol.


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Old 02-11-2019, 01:52 PM   #4
lovemylegacy
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Actually, that is cheap, kinda.

I would suggest if you had the money...buy it
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Old 02-11-2019, 01:58 PM   #5
jshouse
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edit: i was thinking of a survey.
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Old 02-11-2019, 02:08 PM   #6
TX_Hoghunter
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Glad I don't live there. I have 108 acres in Van Zandt county. Ag use....$191.00

-john
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Old 02-11-2019, 02:15 PM   #7
Backwoods101
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Quote:
Originally Posted by jshouse View Post
edit: i was thinking of a survey.


Yeah I would expect that for a survey.


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Old 02-11-2019, 02:15 PM   #8
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Quote:
Originally Posted by TX_Hoghunter View Post
Glad I don't live there. I have 108 acres in Van Zandt county. Ag use....$191.00

-john


For an appraisal?


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Old 02-11-2019, 02:20 PM   #9
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For an appraisal?


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An appraisal of what?
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Old 02-11-2019, 02:20 PM   #10
Backwoods101
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An appraisal of what?


Value


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Old 02-11-2019, 02:24 PM   #11
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That is not out of line but might be a bit high I would have guessed
1,800 to 2k for a bank appraisal. These are a lot more work typically chasing down comps than a standard residential appraisal. Do you know who you the appraiser is?
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Old 02-11-2019, 02:26 PM   #12
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Quote:
Originally Posted by Backwoods101 View Post
Value


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I don't have a clue of what your talking about. Tax appraisal?
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Old 02-11-2019, 02:27 PM   #13
Backwoods101
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Default Appraisal cost for 80 acres, Gillespie county

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Originally Posted by Austin View Post
That is not out of line but might be a bit high I would have guessed
1,800 to 2k for a bank appraisal. These are a lot more work typically chasing down comps than a standard residential appraisal. Do you know who you the appraiser is?


Byron Setser
He’s also doing it within 3 weeks so that might have contributed to the price as well.


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Last edited by Backwoods101; 02-11-2019 at 02:29 PM.
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Old 02-11-2019, 02:28 PM   #14
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I'd get some additional estimates. Your bank or credit union should be able to help.
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Old 02-11-2019, 02:29 PM   #15
Backwoods101
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Quote:
Originally Posted by Traildust View Post
I don't have a clue of what your talking about. Tax appraisal?


No sir, an appraised value of the property to determine the value of said asset.


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Old 02-11-2019, 02:34 PM   #16
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Quote:
Originally Posted by Backwoods101 View Post
For an appraisal?


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Sorry I am old and completely misread the entire thing.....Should not have looked at it on my phone. For some reason I was thinking taxes. Lets just write this off to a senior moment and move on....LOL.

-john
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Old 02-11-2019, 02:35 PM   #17
Backwoods101
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Quote:
Originally Posted by TX_Hoghunter View Post
Sorry I am old and completely misread the entire thing.....Should not have looked at it on my phone. For some reason I was thinking taxes. Lets just write this off to a senior moment and move on....LOL.



-john


Lmao!


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Old 02-11-2019, 02:49 PM   #18
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That county has so much work, and so few people to do it. I often get what I can an F U number. Meaning, they dont really want the work, but they will do it, as long as they get well above market.

If you want values. Call a local broker and tell them you are thinking about listing it, they will start rattling off comps....
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Old 02-11-2019, 02:54 PM   #19
Backwoods101
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Default Appraisal cost for 80 acres, Gillespie county

Quote:
Originally Posted by batmaninja View Post
That county has so much work, and so few people to do it.

And that’s probably contributing to the cost, we wanted it done in a couple of weeks.



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Last edited by Backwoods101; 02-11-2019 at 02:59 PM.
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Old 02-11-2019, 03:01 PM   #20
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Thats about right I would have guessed $2000 range. A lot of work put into that if you get someone that does it right and has the right connections/comps for the area.
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Old 02-11-2019, 03:05 PM   #21
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Quote:
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I don't have a clue of what your talking about. Tax appraisal?
I am with you on this one, you CAD appraises it every 2 to 3 years for free???
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Old 02-11-2019, 03:10 PM   #22
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I am with you on this one, you CAD appraises it every 2 to 3 years for free???
What CAD says its worth has nothing to do with the actual market value of the property.

To the OP I'd say that that cost is about right.
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Old 02-11-2019, 03:15 PM   #23
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Yea tax values aren't anywhere close to what market value is.
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Old 02-11-2019, 03:20 PM   #24
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That seems high to me for an appraisal. About right for a survey though. I did an appraisal on my house and 82 acres and it was about 400.00

Last edited by BrianL; 02-11-2019 at 03:22 PM.
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Old 02-11-2019, 03:30 PM   #25
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I needed my 243 acres appraised for bank loan. Estimates were around $1,000 but a 3rd guy came in at like $600 and had it completed quicker than the others could guarantee.
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Old 02-11-2019, 03:55 PM   #26
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Extremely high for just an appraisal!!! Should be less than $500.00
My MIL and SIL are both real estate appraisers.
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Old 02-11-2019, 04:00 PM   #27
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Quote:
Originally Posted by Throwin Darts View Post
What CAD says its worth has nothing to do with the actual market value of the property.

To the OP I'd say that that cost is about right.
True!!

I must have been daydreaming I thought it said somewhere they were asking the CAD to appraise it. My bad.

I know when I got my house appraised it about only about 450 bucks Land is that much more??? I can see a survey costing that much for sure.
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Old 02-11-2019, 04:09 PM   #28
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just had an appraisal done on 26 acres and it was $300
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Old 02-11-2019, 04:12 PM   #29
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just had an appraisal done on 26 acres and it was $300
Now that makes sense.
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Old 02-11-2019, 04:18 PM   #30
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Now that makes sense.
Yeah his appraisal quote is way more than I even payed for my survey to be done. Seems really high.
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Old 02-11-2019, 04:31 PM   #31
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Too many unknown variables to be able to tell if the quote is high or low. However, at first glance, 80 acres in Gillespie County, I would have guessed closer to $2,500.
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Old 02-11-2019, 04:50 PM   #32
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I just had two done. $400 each.
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Old 02-11-2019, 05:13 PM   #33
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Appraiser is coming out of new Braunfels so op is paying for a lot of windshield time and he is paying for an Aggie education so that is worth a premium.

Surprisingly if it had a full blown SFR residence on it cost would be less as data is easier to come by and does not require near the legwork.

I stand by my original statement that the value is on the high side of reasonable could they have got it cheaper sure
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Old 02-11-2019, 05:17 PM   #34
Backwoods101
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Quote:
Originally Posted by Austin View Post
Appraiser is coming out of new Braunfels so op is paying for a lot of windshield time and he is paying for an Aggie education so that is worth a premium.

Surprisingly if it had a full blown SFR residence on it cost would be less as data is easier to come by and does not require near the legwork.

I stand by my original statement that the value is on the high side of reasonable could they have got it cheaper sure


Thx Austin, you’ve been a big help throughout this process


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Old 02-11-2019, 05:17 PM   #35
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Take out a heloc with a bank that offers no upfront cost and let them do the work. Pay it out the next day
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Old 02-11-2019, 06:27 PM   #36
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Quote:
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I know when I got my house appraised it about only about 450 bucks Land is that much more??? I can see a survey costing that much for sure.
A house appraisal most of the time is just a cheap drive by for pics, throw up a couple comps from the hundreds available locally, and throw a price on it. Can be done in an hour.

Real farm and ranch appraisals are a different animal all together.

I worked in a farm and ranch appraisal office for a while and we did a few houses just for friends etc. Way different process (or should be).
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Old 02-11-2019, 06:51 PM   #37
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If you are paying more than $400-$500 for a land appraisal, you are being scammed. Period.
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Old 02-11-2019, 09:05 PM   #38
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Mine was $550 for property and unbuilt house.

BP
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Old 02-11-2019, 11:14 PM   #39
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If you are paying more than $400-$500 for a land appraisal, you are being scammed. Period.
Absolutely false. Even though the property isn't huge, there can be significant differences in value within the property. Water, elevation changes, improved grasses, views, easements, ingress/egress, flood plain etc. I would much rather pay for someone to do a solid job and would be willing to pay for thoroughness. Individual acres within the property may be valued at $12,000 while others are at $4000.
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Old 02-11-2019, 11:34 PM   #40
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Got my 20ac place with a small house/cabin in Rocksprings off of Hwy 41 for appraised 1K. Some other yo-yo appraiser wanted 2K. Told him to go pound sand!
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Old 02-12-2019, 12:43 AM   #41
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“A house appraisal most of the time is just a cheap drive by for pics, throw up a couple comps from the hundreds available locally, and throw a price on it. Can be done in an hour.”

Also, absolutely false. The lack of general knowledge about “house appraisals”, by people who are supposed to have experience, is astounding.
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Old 02-12-2019, 03:29 PM   #42
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Quote:
Originally Posted by Preacher Man View Post
“A house appraisal most of the time is just a cheap drive by for pics, throw up a couple comps from the hundreds available locally, and throw a price on it. Can be done in an hour.”

Also, absolutely false. The lack of general knowledge about “house appraisals”, by people who are supposed to have experience, is astounding.
Haha. Seen hundreds of them done. Dont try to BS folks on here. Very few have any interior pics at all.
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Old 02-12-2019, 03:40 PM   #43
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appraisal on 35 acres last spring, North Texas ... about $550.
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