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Avatar for Cricket Restoration
Cricket Restoration
3.6(
7
)
Appraisal - General

Serving Thomasville, NC and surrounding areas

In business since 2013

Free estimates

Emergency services offered

"Family operation local to Lexington. Workmanship was great for the price. They communicated well and kept me in the loop as far as arrival times, progress and a finish date and were pretty close to estimated completion time. There were few hiccups that we worked through but overall happy with my new wood dog fence. I would hire againâ ¦"
Response time10 hrs
Recommended by83%of homeowners
Antiques and Jewelry Appraisals questions, answered by experts

The differences between market value and appraised value depend on the local market, so they can match, or either one can be higher than the other. In a “seller’s market,” where there is an abundance of buyers, market value will likely sit higher than the appraised value because there’s more demand for the low inventory of homes. In a “buyer’s market,” where there are more homes than there are buyers, the market value is more likely to sit below the appraised value to entice buyers.

Depending on the size of the home, the appraisal itself can take several hours. After the appraiser’s visit is complete, it can take between a few days and a few weeks to get the report back. This timeline is largely dependent on the appraiser’s workload, research requirements, efficiency, and other factors.

Some appraisers hold a Member of the Appraisal Institute designation. This accolade is the highest credential property appraisers can earn. An MAI appraisal is typically used for commercial properties.

While your lender will likely recommend an appraiser, you can also hire a professional home appraiser on your own. Choose someone who is experienced in your type of residential property, and ensure they hold all of the necessary credentials that your state or region requires.

You can be present during a home appraisal, but it’s best to stay out of the appraiser’s way. Make yourself available, but don’t engage or interrupt, and don’t discuss value or your target sales price. If possible, have your agent present in the house instead of being present yourself.

Yes, appraisals are often used for property tax appeals, estate planning, and determining market value.

The Thomasville, NC homeowners’ guide to antique and jewelry appraisals

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