Real estate appraisal services for homeowners in the city of Glen Allen and Henrico County
Here are the top seven reasons Virginia homeowners need RA Valuations:
At RA Valuations, we understand the special needs of a homeowner after appraisal services. Our regular business clients are used to the appraisal process and the customary "products" we deliver to them. As our client, we'll be sure you get extra guidance and explanations through the appraisal process to understand what we do and how we report our conclusions.
For-Sale-by-Owner (FSBO) / Pre-Listing ServicesSince you have an emotional attachment to your own house, it's often very hard to be objective about it. A professional appraiser is objective and will tell you what you need to know, not just what you want to hear. A professional appraisal is a very valuable negotiating tool once you have an interested buyer, in addition to helping you set a realistic price to sell at so your property will attract interested buyers. The appraisal is something concrete to show your buyer. It's an independent third party's opinion of your home's value, and not just you saying how much your house is worth. Interested buyers assume you have an emotional attachment to your home and will be more likely to give credibility to an accomplished appraiser's value assessment than yours.
Challenge property tax assessmentsYour local tax assessor may have your house overvalued if you live in a region that's declining or not appreciating as much as other houses nearby. That means you are probably paying more taxes than you should. Since your property assessment may likely go up again in the next period, the quicker you take care of a matter like this, the better. When challenging your property tax assessment, getting an appraisal from RA Valuations is your #1 weapon.
Need to cancel PMI?An attractive way to cut costs for homeowners is getting the PMI removed from their mortgage loan, thus saving them money on their monthly payments. PMI stands for "Private Mortgage Insurance". Once your mortgage loan is down below 80% of the value of your property, in most cases you can apply to the lender to have the PMI removed from your loan, which will make your monthly payments go down. We're seasoned in helping folks just like you get rid of unneeded and unwanted PMI insurance.
HELOC recently frozen?Your lender might choose to automatically freeze your home equity line of credit (HELOC) if your house is in or near a declining area -- even if your specific property has not declined in value. Not only can this be unsuitable from a cash flow point of view, but it can be unfavorable to your credit score since it may appear as though that credit line is maxed out. RA Valuations can help you reinstate your home equity line of credit with efficient appraisal.
We Also Offer Field and Desktop Appraisal Review ServicesWould you like a second opinion without the expense and delay of waiting for a whole new appraisal? Or do you want a seasoned expert to double-check your appraisal for accuracy? We can go out and check the subject and comps in question in a field review. Or, if you need it immediately, we can provide you with a 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? RA Valuations can help you with that. Even though most review work is requested by lenders for quality control, homeowners suspecting they've been the victim of mortgage fraud are wise to get a second opinion.