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Transportation/Utility Design, Traffic, Land Development and Planning, Surveying, Right-of-way Acquisition, Environmental, Construction Engineering and Inspection, Structural, Litigation Support




JACKSON-WILLIAMS APPRAISERS

8321 TUSCARORA PIKE
1.00(
1
)

JACKSON-WILLIAMS APPRAISERS

8321 TUSCARORA PIKE
1.00(
1
)
32 years of experience

Jackson-Williams Aprpaisers, Inc. is a real estate appraisal firm providing real property appraisasl services for a broad array of property types including: single family, multifamily, commercial, industrial, agricultural, vacant land, residential and commercial development land, and special uses.

Jackson-Williams Aprpaisers, Inc. is a real estate appraisal firm providing real property appraisasl services for a broad array of property types including: single family, multifamily, commercial, industrial, agricultural, vacant land, residential and commercial development land, and special uses.

Property Appraiser 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.

Both conventional loans and FHA loans are types of mortgages, but they have a few key differences. Conventional loans are backed by private lenders without any government backing, and FHA loans are guaranteed by a government agency. FHA loans are designed to be easier for borrowers with low credit scores or income to qualify for.

Foundation cracks won’t always affect your appraised value. All foundations crack due to normal settlement, so hairline cracks that aren’t leaking or uneven from side to side are unlikely to have an impact on your appraisal. Structural cracks, on the other hand, often lead to a reduced appraised value, especially if the underlying problem will cause the issue to worsen over time.

In most cases, installing a tennis court on your property will drive up your property taxes. Property taxes are determined, in part, based on improvements made to your property, which includes anything with a permanent foundation. Since most home tennis courts include a large concrete foundation, your property taxes will likely increase following the installation. A general rule of thumb is that if your project requires permits—like for a foundation or fencing for a tennis court—then your property taxes will be affected.

In cases where an appraisal comes in lower than an offer price, sellers might opt to lower their asking price to meet the appraisal, especially if the market is slow, and replacing the offer with a higher one may take a long time. Sellers can also offer to make repairs to boost the appraised value, hire another appraiser to get a second opinion, or just move on to another offer that isn’t contingent on the buyer getting a mortgage or an appraisal inspection.

The Hedgesville, WV homeowners’ guide to property appraisals

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