Let Theresa G. Dunleavy & Associates serve your appraisal needs

Each year, thousands of people in Virginia purchase, sell or refinance their home. A lot of these transactions involve a simple line item for an appraisal. Almost all lenders still want a local expert because the stakes are very high, even though there are a growing number of automated home valuation processes that might appear to be more practical than an appraisal. Is getting a mortgage the only reason you should get an appraisal? Are there also situations when the services of a certified, independent real estate professional might be beneficial? Absolutely.

Let Theresa G. Dunleavy & Associates help you lower your mortgage payment

Appeal your tax assessment

If you reside in an area where the value of property has declined, it's possible you're paying too much in property taxes. When building your case, an appraisal from us is your best evidence. We're capable of assisting you in disputing your tax assessment.

Get rid of PMI to lower your mortgage payment

When the amount being loaned to the homebuyeris more than 80% of the actual value of the property, most lenders ask homebuyers to purchase this additional insurance plan. That policy is Private Mortgage Insurance, or PMI. Seeing that extra payment is usually bundled into the monthly mortgage payment, it is often forgotten. This is damaging because PMI isn't necessary when the remaining balance of the loan - whether through market appreciation or principal pay down - falls below the 80% level. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress requiring lenders to dismiss the PMI payments when the loan-to-value ratio conditions have been met.

Theresa G. Dunleavy & Associates can give you a statement regarding the value of your home, and the cost of the home valuation can generally be regained in a short amount of time because you'll no longer be paying the PMI.

Order your appraisal from Theresa G. Dunleavy & Associates today

Order today

Get a fair valuation on a home take make a divorce settlement less stressful

A divorce is often complicated by the hard decision of who maintains the property, and it can be an especially traumatic event for both parties. So both parties are fully aware of the true market value of their home, it's a good idea to get an appraisal from Theresa G. Dunleavy & Associates, regardless of the situation.

If the parties want to sell the home, they'll have a a good idea of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.

Determine an accurate and fair valuation for estate liquidation

Losing a loved one is a painful time in life, and settling an estate from a death, or probate, often calls for an appraisal to establish Fair Market Value for the residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the utmost degree of discretion.

Most Americans don't have dedicated estate planners or executors to take care of these issues, unlike many wealthy individuals. And seeing that a home or other property often makes up an uneven share of the total estate value, knowing the true value of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've received a fair deal.

Relocate to or from Norfolk City County for work

We understand the headaches involved with an employee relocation. That being said, we take great care in establishing a convenient appointment time for the appraisal inspection. During our thorough inspection, we encourage relocating employees to provide input on the positive attributes of their property, along with information about any new sales or listings in their neighborhood that they want considered.

Close on your home quickly — at an accurate price

Whether you decide to sell your home on your own or use the assistance of a real estate agent, a professional appraisal can help you make a better educated decision when determining your selling price. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees aren't related to the sales price, but rather they depend on our efforts to complete the appraisal report.

We examine the difference in value things like an additional bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long housesare on the market. So, obtaining a professional appraisal is a trusted way to decide what improvements will add value and what an applicable sales price is for your home so you don't come up short or have your house on the market an unnecessarily long time.

Let Theresa G. Dunleavy & Associates assist you in selling your home quickly at the right price