Home Appraiser in Virginia Beach / Virginia Beach Appraisal Company
Welcome to our appraiser site! We provide home valuation services in the Hampton Roads and Peninsula area of Virginia. We specialize in residential appraisal reports and have over 15+ years of local real estate market experience.
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About Capital Valuations Home Appraisal Company
Our Virginia Beach Real Estate Appraisers Can Help You!
Do you need a home appraisal in Virginia Beach? Our Virginia Beach appraiser staff provide several valuation products to service all of your needs. Our Appraiser(s) have been licensed with the state of Virginia for over 15+ years and we specialize in single family and condominium style homes. We also offer rent schedules, complete reviews and can accommodate other desktop appraisal forms if needed. We service Virginia Beach, Norfolk, Chesapeake, Portsmouth, Suffolk, Hampton, Poquoson, Newport News, Williamsburg and York Co.
Our professional appraisers have been licensed in Virginia for a minimum of 15+ years in the Hampton Roads and Peninsula area of Virginia.
Reports are typically completed 24-48 hours after the inspection. Our appraisal processing time is quick. An Appraisal Rush Service is available.
We only service the Hampton Roads and Peninsula area. We have over 15+ Years of home appraisal experience in this market area.
We understand that we are a service based company. We listen to our appraisal clients and explain any home valuation questions you may have, before and after the appraisal.
We provide professional and fast real estate appraisal services for homeowners, mortgage lenders, real estate and divorce attorneys, investors and accountants when an accurate appraisal is needed. We have been in the appraisal business for over 15 years. We are dedicated to providing confident and prompt service to all of our clients.
Commonly Asked Home Appraisal Questions and Information
What is an Appraisal Report?
An appraisal report is an unbiased opinion of value based on the market on the effective date of the report. An appraisal is an unbiased estimation of what a buyer or seller can reasonably expect to pay or get for a particular piece of real estate, where all parties are informed. The evaluation report has to contain: a street map with the assessed property’s location and nearby sales. A drawing of a building’s exterior, An explanation of the methodology used to get the square footage. A front, rear, and street view of the subject house. Front shots of each comparable property being utilized. Other relevant information that was utilized to calculate the property’s fair market value, including market sales data, MLS, public land records, and public tax records. Most appraisers utilize the Fannie Mae URAR (Uniform Residential Appraisal Report) for single family appraisal reports. Most people look for a licensed, qualified appraiser to provide them the most reliable estimation of the real value of their property so that they may make an informed decision.
What Does the Appraiser Look For?
Current market trends and recent sales of comparable properties both have an impact on a property’s appraised worth. The amenities of the house, such as its square footage, usable floor layout, and number of bedrooms and bathrooms, are all important considerations. The appraiser must do a thorough visual assessment of both the inside and outside of the property and record any issues, including the need for repairs, that have a negative impact on the property’s worth. The appraiser then looks at similar homes within the same market area that have recently been sold. The appraiser then makes adjustment for the differences based on a market reaction. The appraiser also considers other factors including, but not limited to, the date of sale of the comparable homes, marketing time, the location of the homes, and other factors that could effect the opinion of value. The appraiser is not looking at the cleanliness of your home when doing the home inspection. Your personal items are not part of the appraisal report.
The Home Appraisal Inspection Process
The appraisal inspection process is a crucial step in determining the market value of a home. If you’re planning on selling or refinancing your home, you’ll need to have it appraised by a licensed appraiser. In this explanation, we’ll cover the appraisal inspection process, what to expect, and some tips to help you prepare for the appraisal.
The first step of the appraisal inspection process is measuring the home from the exterior. If the property is a condominium, the appraiser will measure from the interior. This step is essential in determining the square footage of the home, which is a crucial factor in the appraisal process.
Next, the appraiser will take exterior photos and interior photos of every room in the home being appraised. These photos are used to document the condition of the home and provide a visual reference for the appraiser’s report.
After that, the appraiser will walk around the interior of the home and go through a checklist to evaluate the property’s condition and quality. During this process, the appraiser will draw a sketch of the home’s layout and take pictures of any damaged items that could affect the appraiser’s opinion of market value.
If there are any outbuildings on the property, such as sheds, barns, or detached structures like garages or workshops, the appraiser will measure and evaluate them as well. They will also measure any decks, patios, or porches.
It’s important to note that during the appraisal inspection process, the appraiser should be allowed to complete the task without interruption or distraction. Homeowners should avoid trying to converse with the appraiser while the inspection is taking place.
To help the appraiser during the inspection, it’s a good idea to get a piece of paper and write down all of the updates and upgraded features of your home. This includes the roof, the HVAC system, the flooring, and any other major renovations or upgrades that have been completed. It’s also helpful to make a note of approximately when these updates and upgrades were completed.
Once the appraisal inspection is complete, the appraiser will take all the information gathered during the inspection, analyze it, and prepare an appraisal report. The report typically comes back within 2-3 days, depending on how busy the appraiser is. If you need your report sooner, rush service is available.
The appraisal inspection process is a vital step in determining the market value of your home. By understanding what to expect during the inspection and preparing accordingly, you can help ensure a smooth and successful appraisal process.
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