Capital Valuations VA

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Information About Us and the Appraisal Process

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Appraisal Reports

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Years of experience

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Years of experience

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About Capital Valuations

We Service All Of Your Residential Home Appraisal Needs.

Our business offers a variety of valuation products to fit all of your needs. We have had a license in Virginia for over 15 years and have extensive knowledge regarding appraisal services for single-family homes and condominiums.  We also offer rent schedules,  reviews and complete other desktop evaluation forms if needed.  Our goal is to give you high-quality appraisal services in a timely manor.  We are the team to call if you need professional valuation services.  Capital Valuations is the best choice for all of your appraisal needs because we have years of experience and know how.  When you hire us for an appraisal, you can be sure that you will get the best service possible.  If you need an honest and reliable home valuation, you don’t have to look any further than our team.

Experience Licensed Appraisers

Our Appraisers have been licensed in Virginia for over 15+ years.

Quick Processing Time

Reports are typically completed 24 hours after the inspection.

Familiar With The Area

We only service the Hampton Roads and Peninsula area. That is where we specialize.

Customer Service

We understand that we are a service. We listen to our clients and explain any questions you may have.
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Appraisal Reports

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Years of experience

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Trusted Partners

The Appraisal Process

A Quick Overview Of The Appraisal Process

We make the appraisal process as easy as possible for you. The appraisal process can be intimidating, especially for those who are unfamiliar with how it works. However, at Capital Valuations Appraisals, we strive to make the appraisal process as easy and straightforward as possible for our clients. We break down the home appraisal process so you can have a better understanding of what to expect and how it all works.

This breaks it down into 3 easy steps.

The Appraisal Inspection.

The Appraisal Inspection: During the inspection, the appraiser will visit the property and examine it thoroughly, both inside and out. This involves determining the size of the house, noting the kind and quality of materials used in its construction, and inspecting it for any modifications or renovations.

The appraiser will begin by measuring the outside of the home, including the living area square footage and any attached or detached outbuildings or garages. They will also take note of the size and nature of any extra amenities, such as porches, decks, or patios. This data will be used to compare the subject property to comparable properties in the region and estimate its worth.

The appraiser will then perform a comprehensive inside evaluation of the residence. This involves assessing the condition and quality of the materials used in the home's construction, such as flooring, cabinetry, and worktops. They will also take note of any changes or improvements, such as new windows or appliances. This information will be used by the appraiser to assess the overall condition and worth of the house.

The appraiser may take photographs or videos to document the property in addition to taking thorough notes about the size and condition of the home. These images and videos will be included in the appraisal report and may be examined by the lender or other parties who are interested.

It's crucial to remember that an appraiser's inspection is not the same as a house inspection, which is normally performed by a qualified home inspector. A house inspection is a more thorough evaluation of the condition and systems of the home, including the electrical, plumbing, and HVAC systems. While the appraiser will record any evident problems with the home, a home inspection is a more thorough review of the home's condition.

In conclusion, the inspection is an important component of the appraisal process since it gives the appraiser with precise information about the property's size, condition, and characteristics. This information is used to compare the subject property to similar properties in the region and estimate the property's worth.

The Appraiser Compiles Data

 The Appraiser Compiles Data: After the inspection is over, the appraiser will gather and evaluate data about the property and the surrounding market. Data from local real estate databases, city and municipal records, and recently sold properties similar to the subject property may be included.

The Multiple Listing Service (MLS), which is a database of homes for sale and recently sold properties in a certain region, is an important source of information for appraisers. The Multiple Listing Service (MLS) is an important resource for appraisers since it contains precise information on the size, characteristics, and selling prices of properties in the area.

The appraiser will also go over local and municipal data, such as property tax records, to learn more about the subject property and its surroundings. This may contain information about the home's age, any renovations done, and the property's tax assessment value. In addition to obtaining data from numerous sources, the appraiser will compare the subject property to previously sold similar properties in the neighborhood.

After gathering and analyzing all of this information, the appraiser may make modifications to the estimated value of the property depending on any unique features or market circumstances. For example, if the subject property includes a pool or a wide yard, the appraiser may enhance the estimated value to account for these extra amenities. In contrast, if the local market is seeing a slowdown in sales or falling prices, the appraiser may lower the assessed value to reflect these market conditions.

In summary, data collection is an important phase in the appraisal process because it allows the appraiser to obtain and evaluate information about the property and the surrounding market in order to calculate an estimated value for the property. This method include evaluating data from numerous sources, such as the MLS and city and municipal records, and comparing the subject property to previously sold properties in the region. The appraiser may also make revisions to the estimated value depending on the property's specific qualities or changes in the local market.

The Appraisal Report is Delivered.

The Appraisal Report is Delivered: The appraiser will write an appraisal report that outlines their findings once they have completed their investigation and calculated an approximate value for the property. The appraisal report is a thorough document that offers information on the property and its estimated worth. It is used for a variety of purposes, including obtaining a mortgage or refinancing.

The following information is often included in an assessment report:

-A description of the property's size, location, and attributes.

-Property photographs or videos.

-A comparison of the subject property to comparable properties in the neighborhood.

-The appraisers professional opinion of value.

-A description of the assessment procedure as well as the data required to calculate the estimated value.

Depending on your preferences, the assessment report will be given to you through email or mail. On request, next-day delivery may be available.

It is critical to thoroughly read the appraisal report since it contains essential information about the property and its worth. This information may be used to make educated decisions regarding the property, such as whether to proceed with a mortgage or refinance, or to negotiate the sale price if you are buying or selling.

If you have any questions or issues regarding the appraisal report, you can talk to the appraiser or your lender about them. They will be able to offer more explanation and clarity on any difficulties or uncertainties.

In conclusion, an appraisal report is a critical document that summarizes the appraiser's findings and offers an estimated value for the property. It is sent to you by email or regular mail and is a valuable resource for making educated decisions regarding the property. To completely comprehend the property's assessment, thoroughly analyze the appraisal report and ask any questions you may have.

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Contact Us Now To Set Up A Home Appraisal Inspection

The best way to get in touch with us is to either call or send us a text. You can also use the order form here or send us an email at . You can also reach us on Facebook Messenger. We look forward to serving you! Contact us Now!

Office Location

857 24th Street, Virginia Beach, Virginia 23451

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