Jackson Clayborn

read moreIf you're going to sell your home, you should seriously consider a professional appraisal. An appraisal doesn't cost that much and it pays you in the long run! Unless the homeowner makes a career out of studying real estate values, like a professional appraiser does, it's practically impossible for them to understand local real estate values. It's tempting to want to base your home's value on how much you have invested in your home, or the amount you'd like to get for it. Instead, an appraisal provides a professional opinion on the true market value of your home.

read moreWe consider our business as a profession. The rigors of becoming a licensed appraiser have increased more than ever before. So it goes without question these days that real estate appraisal can certainly be called a profession rather than a trade. As with any profession we have a strict ethical code. An appraiser's primary responsibility is to their client. Normally, for a typical residential appraisal, the appraiser's client is the lender ordering the appraisal, and often the appraisal is ordered by a third party the lender has brought in to maintain independence.

read moreHave you heard an appraiser use any of these terms? Did you just hear one of our appraisers use it and you came here to figure out what it meant? We don't mean to speak a foreign language, but any profession has its jargon. What res ipsa loquitur is to a lawyer and triple witching is to day traders, external obsolescence is to appraisers. When comparable properties have been identified, the appraiser makes adjustments to the Sales Price of each of the comparables to bring them into equivalency with the subject property, accounting for differences in location, construction quality, living area, acreage, frontage, amenities and the like.

read moreJackson Claborn, Inc. provides appraisal review services that are objective, efficient, professional and in accordance with the Federal Reserve's guidelines. The purpose of appraisal reviews are to find out: whether the original appraisal or evaluation is applicable for the transaction, the exposure inherit in the transaction, and whether the process by which the property valuation is acquired guarantees independence and quality. In addition, they should denote whether the appraisal or evaluation report is in line with the engagement letter, which describes the scope of the appraisal assignment.

read moreMost localities determine your property tax burden based on an ad valorem assessment of the property's value. Sometimes, as a property owner, you get an unwanted surprise in the mail telling you your taxes are going up, and sometimes it may seem as though your assessment is too high. Often, matters like this can be resolved with a phone call. However, if after discussing your assessment with your local taxing authority you still feel as though your property was overvalued, a professional, independent, third-party appraiser is often your best bet in proving your case.

read moreWhen interviewing a home inspector, ask the inspector what type of report format he or she provides. There are many styles of reports used by property inspectors, including the checklist, computer generated using inspection programs, and the narrative style. The most important issue with an inspection report is the descriptions given for each item or component. A report that indicates the condition as "Good", "Fair" or "Poor" without a detailed explanation is vague and can be easily misinterpreted.

read moreWe at Jackson Claborn, Inc. understand the special needs of a consumer after appraisal services. While our usual clients understand the appraisal process and standard reporting formats, you as a consumer will get extra service in the form of an explanation of the process and even special consumer-friendly reporting forms if the assignment allows for them.

read moreAs licensed appraisers, we have the know-how and competence to generate the level of dependable real estate value opinions that banks and national lending institutions require for mortgages.