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Last update on July 28, 2025

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Avatar for Showcase Regional Housing LLC
Showcase Regional Housing LLC
5.0(
3
)
Appraisal - Real Estate

Serving Carrizozo, NM and surrounding areas

In business since 2009

Free estimates

Credit card accepted

"The process started out strenuous but ended up being a breeze once I hired Showcase Regional Housing to do the all the tedious work."
Recommended by100%of homeowners
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Real Estate Agents questions, answered by experts

If the sales agreement has a clause that allows the seller to renegotiate based on the appraised value, then they might be able to back out if the appraisal comes in higher than your offer price. If the agreement doesn’t have that language, then the seller has no legal recourse to back out. They could hold a higher offer as a backup and move onto that one if yours falls through for any reason, but once the agreement is signed, the seller is locked into that purchase price unless there’s a clause stating they can renegotiate.

A shed that connects to water or electrical services is likely to be assessed for property taxes; however, tax assessments vary around the country. Since every state and local municipality differ regarding property taxes, you should contact your city to determine whether or not you’re required to pay property taxes. Some states consider sheds or detached garages taxable if they have water, sewer, and electricity installed.

Local regulations dictate how big an ADU can be, and there may also be restrictions on the percentage of the main residence’s square footage an ADU can have. In most cases, an ADU must be smaller than the main residence, but check with your local building authority to confirm restrictions on ADU size.

No, the appraisal value comes from an appraiser and is a professional opinion of value based on property location and condition, while the market value is determined solely by what buyers are willing to pay for your home. Lenders normally use appraised values to ensure they’re staying within target loan-to-value (LTV) ratios—the market value is simply what the home sells for. Appraised value can sit above or below market value.

A new gravel driveway—and accompanying landscaping around it—can boost your curb appeal and overall property value. On average, a newly paved driveway can boost your property value by 5–10%.

The Carrizozo, NM homeowners’ guide to real estate services

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