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Accurate Appraisal Services, LLC
New to Angi
Appraisal - Real Estate

Serving Cumberland, VA and surrounding areas

In business since 1999

If you are requesting an appraisal for LENDING purposes, new mortgage or refinance, the lender must order the appraisal. This is Federal regulations. \n \nI can help you with an appraisal for an estate settlement, tax challenges, to determine the current market value of your home to place on the market or to determine the value of a property to make an offer. If you are refinancing or applying for a new loan, mortgage, your lender orders the appraisal.

Response time3 hrs
Property Appraiser questions, answered by experts

Land doesn’t depreciate in the same way that a house, vehicle, or other property does, but it can lose value based on various factors. Environmental changes, nearby development, zoning changes, and economic downturns can all cause land to lose value over time. Value is a comparative figure, so as other related factors change, so can land’s value.

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.

Ideally, you’d never pay more than the appraised value for a home, but there are some instances where it makes sense to do so. For example, if your current living arrangements are no longer viable and you need a place to move into quickly, paying more than the appraised value might be in your best interest to secure a new home. Additionally, if you’re buying in a hot market, overpaying for the home might be necessary to overcome the competition.

Around 1-2 weeks, including inspection and reporting time for an official evaluation.

If installing board and batten fixes an issue with the home, it could increase the value, but it isn’t commonly installed for that purpose. Board and batten is an aesthetic choice and, like most aesthetic choices, will do little to raise your home’s value. That being said, certain design elements can help attract more buyers, even if your home’s price won’t see a noticeable bump. 

The Cumberland, VA homeowners’ guide to property appraisals

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