Need an appraisal in Fredericksburg or Orange County?
The top reasons VA homeowners need Appraisals by Tom:
Do you own a home in or near Fredericksburg? Do you need help determining the price of your real estate?
At Appraisals by Tom, we understand the unique needs of a customer seeking appraisal services. Our business practices and reporting formats are relatively routine to our business clients like lenders, attorneys, and CPAs. But as a consumer,we'll be sure you get extra guidance and explanations through the appraisal process to more clearly understand what we do and how we document the results of our analysis.
For-Sale-By-Owner (FSBO) / Pre-Listing Services
It's very hard to be objective about your own home because you most likely have an emotional attachment to it. The professional appraisers at Appraisals by Tom will tell you what you need to know -- not just what you want to hear. We are objective. A professional appraisal is very valuable as a negotiating tool once you have an attainable buyer, in addition to helping you set a realistic price to sell at so your house will attract interested buyers. It gives you something tangible to show the buyer. An appraisal is an independent third party's opinion of your home's value -- not just you saying how much your house is worth. Interested buyers know that you have an emotional attachment to your house and will be far more likely to give credibility to an expert appraiser's value conclusion than yours.
PMI Removal Appraisals
A preferred way to cut costs for homeowners is to get the PMI removed from their mortgage loan, thus saving them money on their monthly payments. PMI stands for "Private Mortgage Insurance". Your monthly payments will go down once your mortgage loan amount is below 80% of the value of your property. In most cases you can apply to the lender to have the PMI eliminated from your loan. We are seasoned in helping folks just like you rid yourselves of unnecessary PMI insurance.
Challenging property tax assessments
Your local tax assessor may have your house overvalued if you live in an area that is declining or is not appreciating as much as other properties close to yours. This only means you are going to pay higher taxes than you should be paying. The faster you take care of things like this, the better, since your property assessment may likely go up again in the next period. An expert appraisal from Appraisals by Tom is your perfect weapon when contesting your property tax assessment.
Was your HELOC recently frozen?
Even if your specific property has not declined in value, your lender might just decide to automatically freeze your home equity line of credit (HELOC) if your house is close to a declining area. Not only can this be troublesome from a cash flow point of view, but it can be detrimental to your credit score since it may appear as though that credit line is maxed out. Appraisals by Tom can help you reinstate your home equity line of credit with a professional appraisal.
Do You Need Field and Desktop Appraisal Review Services?
Would you wish a second opinion without the added cost and delay of waiting for a whole new appraisal? Or do you desire a veteran appraiser to double-check your appraisal for verity? Appraisals by Tom offers field reviews where we'll go out and check the subject and comps. If you need it immediately, we'll provide desk review and verify as many facts as we can using online data sources as well as our own files.
Do you need a retrospective review of an appraisal? Appraisals by Tom can help with that too. While typically requested by banks, you may want to use this service if you suspect mortgage fraud related to your home.