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5 Reasons to Have Your Home Appraised: An Interview with Mark Wood of Wood Appraisal Services LLC

Tell us a little bit about your company and the services you offer.

We offer residential appraisal services to the south Metro area. W cover a 50 mile radius of Newnan GA.

What is one of the most common reasons that someone has their house appraised?

To make sure that the property is priced correctly. Not too high but not too low either.

When you're buying a home, how can an independent appraisal help you?

When buying a home, an independant appraisal can insure that the house is priced correctly and that the buyer is not over paying.

How does a home appraisal affect property taxes in your state?

A home appraisal does not directly affect property taxes. In Georgia, an appraisal is often used to contest the assessed value ( if the value is higher than the appraisal).

What tips do you have for a homeowner who wants to take out a home equity loan?

A homeowner that wants to take out an equity loan should make sure they can still sell the property without being "upside down" ie. that the loan does not create negative equity. Something that was prevalent during the last 5 years.

Is there anything that most people don't know about home appraisals that they should know?

Appraisals are good for about 3-4 months. The data is always changing. An appraisal is like a picture - it captures one moment in time.

What's the best way for people to contact you and your company?

Wood Appraisals is easy to find via Google or any other web browser. The web address is: www.markwoodappraisals.com.

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