Meet Joe Ellington
Virginia Licensed Residential Appraiser
Owner of Capital Valuations
I’m Joseph T Ellington Jr, though most clients know me as Joe. I’m a Virginia Licensed Residential Appraiser and the owner of Capital Valuations, providing private residential appraisal services throughout Virginia Beach and the greater Hampton Roads and Peninsula markets. Learn what a residential appraiser does and how that role differs from other property professionals.
I’ve been appraising residential real estate for more than 20 years and have completed more than 5,100 appraisal assignments.
Request an Appraisal →My Background
I was born in Norfolk and grew up primarily around the Chicks Beach and Shore Drive area of Virginia Beach. I’ve also spent time living in Chesapeake near the Norfolk city line and have lived around the Virginia Beach Oceanfront for many years.
Today, I’m a Virginia Beach homeowner and also have firsthand experience as a short-term rental property owner.
My connection to Hampton Roads goes well beyond simply working here. I’ve lived in the same neighborhoods and communities I’ve spent more than two decades appraising.
Local Market Experience
Hampton Roads isn’t one uniform real estate market. Property values can change significantly within only a few blocks.
Neighborhood boundaries, beach proximity, school districts, busy roads, water influence, condo regimes, property type and other local factors can all affect how buyers react to a property.
After more than 20 years working throughout the region, I understand many of the smaller neighborhood and submarket differences that aren’t always obvious from a map or public database.
A Hands-On Approach
One of the biggest differences between Capital Valuations and a larger appraisal operation is that when you hire me, you are actually hiring me.
I personally perform every property inspection, research the market, analyze the comparable sales and write every appraisal report.
I don’t send an assistant to inspect your property, and I don’t hand the report off to somebody else to complete.
I also believe an appraisal should be understandable to the person who needs to use it. My reports are detailed, but I explain the analysis in straightforward real estate terms.
If you have questions after the appraisal is delivered, you can contact me directly. I don’t believe in sending a report and disappearing.
My typical turnaround is approximately one to two business days after the property inspection, depending on the assignment and available market data.
Residential Appraisal Experience
I began my appraisal career as a trainee under Michael J. Sexton and spent more than two years training before becoming a Virginia Licensed Residential Appraiser in 2007.
Over the course of my career, I’ve appraised single-family homes, condominiums, townhomes, waterfront properties, historic homes, luxury homes, rural properties and other residential properties throughout Hampton Roads and the Peninsula.
I routinely use ANSI Z765-2021 measurement standards and have completed ANSI measurement training and certification.
My Appraisal Approach
I approach each appraisal as its own assignment rather than forcing a property into a predetermined formula.
I research the subject property, its neighborhood, the most relevant comparable sales and the best available market data.
My adjustments are based on available market support, relevant data and professional appraisal experience.
Research may include REIN MLS data, city and county assessment records, public records, plats, agent interviews and conversations with other market participants when additional verification is useful.
Appraisals for Real-Life Situations
I work directly with homeowners, families, attorneys, buyers and real estate professionals for a wide range of private appraisal needs.
Pre-Listing Appraisals
Independent market-value guidance before listing or selling your home.
Estate & Probate Appraisals
Residential valuations for estate, probate and inheritance needs.
Divorce Appraisals
Independent residential valuations for divorce-related property decisions.
Date-of-Death & Retrospective
Opinions of market value as of a prior effective date.
Bankruptcy Appraisals
Independent residential valuation support for bankruptcy matters.
PMI Removal Appraisals
Current market-value appraisal support for mortgage insurance removal.
Private Purchase Appraisals
Independent valuation assistance for private purchase decisions.
Appraisal Reviews
Independent review and analysis of an existing residential appraisal.
Every Property Is a New Puzzle
One of the reasons I’ve stayed in this profession for more than two decades is that no two assignments are exactly the same.
I’ve always looked at an appraisal as a puzzle. You gather the information, understand the property, study the market and work through the evidence until the pieces make sense.
I also enjoy the independence of being an appraiser and running a local business.
Professional Without Being Impersonal
Before becoming an appraiser, I spent years working with people in restaurants, hospitality and bartending.
That customer-service background has stayed with me throughout my appraisal career.
I want clients to feel comfortable asking questions and to walk away understanding both the appraisal process and the report they received.
Local Market Analysis
I authored the analysis “How Portsmouth, Virginia’s New Rivers Casino Will Affect Local Real Estate Markets.”
The release was distributed through EIN Presswire and republished across numerous regional and national news platforms.
Media names above reflect outlets identified in the EIN Presswire distribution report for the release.
Read the Full Article →Residential Appraisals Across Hampton Roads & the Peninsula
Contact Joe Ellington
If you need a residential appraisal or simply want to discuss your situation before deciding which appraisal service you need, contact me directly.
Request an Appraisal →