Need a Home Appraisal in Norfolk, VA?
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Capital Valuations Appraisals
Appraisal Coverage Areas in Virginia
Home Appraisal in Norfolk, VA
Searching for a Norfolk appraiser?
Are you searching for a trusted Norfolk real estate appraiser? At Capital Valuations, we have over 17 years of experience in providing accurate, professional home appraisals across Norfolk, VA and surrounding areas. Whether you need a home appraisal for selling, buying, or refinancing, our licensed appraisers specialize in single-family homes and condominiums. Setting the right price is key to maximizing your investment, and our unbiased reports ensure you’re making informed decisions. Contact us today for a free, fast quote at (757) 831-6234.
Norfolk Appraisal Services We Provide
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Setting the right price for your Norfolk home can be tricky without an agent. Our pre-listing appraisals help you list confidently and avoid pricing pitfalls that could delay your sale.
During a divorce, it’s important to have accurate property values. Our Norfolk divorce appraisals offer a fair and neutral evaluation, helping you settle assets without uncertainty.
Ready to save on your mortgage? If you’ve built up over 20% equity in your Norfolk property, we’ll appraise your home to help eliminate unnecessary PMI costs.
We offer thorough reviews of appraisal reports in Norfolk, ensuring accuracy and adherence to professional standards, giving you peace of mind before major decisions.
Whether you’re buying your dream home, investing in student housing near Old Dominion University, or exploring other Norfolk properties.
Our specialized mortgage appraisals in Norfolk provide lenders and investors with trusted valuations for both primary and secondary mortgage products.
If you need an accurate property valuation from a past date in Norfolk, our retrospective appraisals provide a clear snapshot of the property’s market value at that time.
Refinancing your Norfolk home? Our detailed appraisal ensures that you understand the current market value and refinance with confidence.
Facing bankruptcy? Our Norfolk appraisals provide the precise market value you need to navigate legal and financial proceedings.
When settling an estate, accurate property valuations are critical. We provide compassionate and professional appraisals in Norfolk to help families divide assets fairly.
Home Measuring Service
We offer a square footage home measuring service! Let us measure your property using the ANSI® Z765-2021 standards for measuring square footage . You can use this drawing if you are listing your home or doing a tax appeal due to a square footage discrepancy. If you are purchasing a home and want to double check the square feet. More than half of the homes we appraise have incorrect square footage data on the listing!
Tax Assessment Appeals
Think your Norfolk property taxes are too high? We provide appraisals to support appeals, ensuring you pay only what’s fair. For more information on local tax rates and regulations, visit the Norfolk City Government.
Facts, Statistics, and History of the Norfolk Real Estate Market
Norfolk, VA, is one of the most vibrant cities in the Hampton Roads area, with a population of over 238,000 (2020 Census). Founded in 1705, it remains a key hub for commerce and military operations, home to Naval Station Norfolk, the largest naval base in the world, and a significant contributor to the Port of Virginia.
Expanding City Boundaries
Norfolk expanded throughout the 20th century, annexing territories such as Berkley, Willoughby Spit, and Sewell’s Point, creating prime waterfront real estate. The city stretches from the Elizabeth River to the Chesapeake Bay, making it a top destination for waterfront properties, with neighborhoods like Ghent and Larchmont offering historic homes and vibrant communities.
Norfolk’s Cost of Living and Real Estate Market
In 2024, Norfolk maintains a relatively affordable cost of living, with an index of around 98 compared to the national average. Real estate remains competitive, with homes typically staying on the market for about 30 days. The median home price has increased to approximately $315,000, reflecting the ongoing demand and market growth in the area.
Notable Landmarks and Real Estate Appeal
In addition to the Chrysler Museum of Art and the Virginia Zoo, Norfolk boasts popular waterfront areas like Ocean View Beach Park and properties near Norfolk International Airport for those needing quick travel access. Also, there are historic neighborhoods like Freemason District, attracting both home buyers and investors. Norfolk’s strong ties to the military and commerce make it a hub for growth, as highlighted by the Hampton Roads Economic Development Alliance, along with its extensive coastline, make it an ideal location for real estate investment.
If you’re considering selling or buying property in Norfolk, Capital Valuations offers accurate and detailed pre-listing appraisals tailored to the Norfolk market. Contact us today to learn more!
For more insights and tips on the Norfolk real estate market, follow our Appraisal Blog.
Why Get a Home Appraisal in Norfolk, VA?
If you’re considering buying or selling a home in Norfolk, obtaining a professional home appraisal is a critical step. An appraisal determines your property’s fair market value, ensuring you make well-informed decisions.
Reasons to Get a Norfolk Appraisal:
Make Informed Decisions:
Knowing your home’s value helps you price it right or negotiate better terms when buying or selling.
Refinancing or Home Equity Loans:
A home appraisal provides essential data to help secure favorable refinancing or loan terms.
Insurance Valuation:
Understand your home’s value to ensure appropriate insurance coverage.
Identify Property Issues:
An appraisal can reveal problems that could affect value, allowing you to address them before listing.
Why Choose a Local Norfolk Appraiser?
Working with a licensed Norfolk appraiser ensures you receive an accurate valuation based on the local real estate market. The owner of Capital Valuations grew up in Norfolk, giving them deep knowledge of neighborhood trends, property types, and current market conditions. This local expertise allows us to provide accurate appraisals, giving you confidence in your real estate transactions.
Norfolk, VA Neighborhoods for Real Estate Appraisals
Ocean View & Bay Area Real Estate
-East Ocean View
-West Ocean View
-Shore Drive Homes
-Bayview Waterfront Properties
-Pinewell Beachfront Properties
-Willoughby Spit Waterfront
-Pretty Lake Real Estate
Historic & Urban Norfolk Real Estate
-Ghent Historic Homes
-West Ghent Residential Properties
-Freemason District Downtown Homes
-Colonial Place Properties
-Riverview Riverfront Homes
-Larchmont Waterfront
-Edgewater Historic Real Estate
Military Circle & Airport Real Estate
-Norview Homes Near Military Circle
-Lake Taylor Residential Area
-Glenrock Homes Near Norfolk Airport
-Norvella Heights Suburban Homes
-Ingleside Residential Properties
Central Norfolk & Downtown Area Real Estate
-Downtown Norfolk Properties
-Fairmont Park Affordable Homes
-Lindenwood Real Estate
-Park Place Historic Homes
-Titustown Real Estate
-Wards Corner Residential Properties
-Roland Park Suburban Homes
Suburban & Waterfront Norfolk Properties
-Talbot Park Waterfront Homes
-River Forest Shores Properties
-Camellia Shores Suburban Homes
-Camellia Acres Residential
-Tanners Creek East Waterfront
-River Oaks Real Estate
-Belvedere Waterfront Homes
South Norfolk & Berkley Real Estate
-Campostella Residential Properties
-Campostella Heights Homes
-Chesapeake Manor Waterfront
-Poplar Hills Suburban Homes
Norfolk VA Appraisal Case Studies
Case Study: Pre-Listing Appraisal in Larchmont, Norfolk
A family in Larchmont, Norfolk, was preparing to sell their home FSBO and needed an accurate valuation to set a competitive price. They contacted Capital Valuations for a pre-listing appraisal. Our thorough analysis of the property’s value helped them price their home correctly based on local Norfolk market trends. Thanks to this, they attracted multiple offers and sold their home quickly for above the asking price.
Result: Home sold 8% above asking price within one week.Case Study: Divorce Appraisal in Ghent, Norfolk
A couple in the Ghent neighborhood of Norfolk needed an appraisal for their home during divorce proceedings. They turned to Capital Valuations for an impartial and detailed assessment. We provided a report that ensured both parties had a clear understanding of the home’s value, which helped them reach a fair settlement and move forward with their lives.
Result: Property division completed without disputes.Case Study: Estate Appraisal in Ocean View, Norfolk
After the passing of a family member, the heirs needed an estate appraisal for a property in Ocean View, Norfolk. Capital Valuations conducted a comprehensive appraisal of the home, helping the family understand its true value and assisting them in dividing the estate fairly.
Result: Smooth estate settlement and fair property division.Client Testimonials from Norfolk, VA
"We were selling our home FSBO in Norfolk and didn’t want to underprice it. The appraisal from Capital Valuations was exactly what we needed to feel confident in our asking price. We sold our home faster than we imagined!"
— Jennifer L., Larchmont, Norfolk, VA
"Divorce is never easy, but Capital Valuations made the home appraisal part stress-free. They were professional, thorough, and helped us get through the process quickly."
— Michael T., Ghent, Norfolk, VA
"We needed an estate appraisal for my late uncle’s property in Ocean View, Norfolk. Joey and his team were extremely helpful and gave us a detailed, accurate report that made dividing the estate much easier."
— Sarah P., Ocean View, Norfolk, VA
"I used Capital Valuations for a retrospective appraisal for a property in Norfolk, and I was impressed with how detailed and professional their report was. Highly recommend!"
— Tom R., Freemason, Norfolk, VA
"My family needed an appraisal for tax purposes, and Capital Valuations did a great job. They were quick, and the report was very thorough."
— Emily W., Colonial Place, Norfolk, VA
"The team at Capital Valuations helped me with a mortgage refinance appraisal. The process was quick, and the appraisal was spot-on. I wouldn’t hesitate to use them again."
— David K., Willoughby, Norfolk, VA
"I was filing for bankruptcy and needed an appraisal for my home in Norfolk. Capital Valuations gave me a detailed report quickly, which made the process much smoother for me."
— Jessica F., Park Place, Norfolk, VA
"I had Capital Valuations review an appraisal I had done previously, and their second opinion was invaluable. They caught things the first appraiser missed, and it saved me from a bad deal."
— Robert M., Ghent, Norfolk, VA
"Capital Valuations helped us with a pre-listing appraisal, and we couldn’t be happier with their service. Their report gave us the confidence to list our home at the right price."
— Lisa H., Larchmont, Norfolk, VA
"I used Capital Valuations for a tax assessment appeal, and they were fantastic. Their appraisal helped me reduce my property taxes in Norfolk."
— James W., East Beach, Norfolk, VA