Let Theresa G. Dunleavy & Associates handle your appraisal needsEvery year, thousands of people in Virginia buy, sell or refinance their home. Many of these transactions have a simple line item for an appraisal. Nearly all lenders still want a local expert because the stakes are very high, even though there are a multiplying number of automated home valuation methods that might appear more economical than an appraisal. Is getting a mortgage the only reason to acquire an appraisal? Are there also cases when the services of a certified, independent real estate professional could be helpful? You bet there are. 
Challenge your tax assessment in Norfolk City CountyIf you are in an area where property values have depreciated, it's possible you're paying too much in property taxes. An appraisal from Theresa G. Dunleavy & Associates is your best evidence when building your case. We can assist you in disputing your tax assessment. Removing PMI for mortgage paymentsWhen the amount being loaned to the buyeris more than 80% of the actual value of the home, nearly all lenders ask home buyers to buy this supplemental insurance policy. That policy is Private Mortgage Insurance, or PMI. Since the added payment is usually lumped into the monthly mortgage payment, it is often forgotten. PMI isn't necessary when the remaining balance of the loan - whether through market appreciation or principal pay down - falls below the 80% level, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was invoked by the United States Congress that requires lenders to dismiss the PMI payments when the loan-to-value ratio conditions have been met. If you'd like to do away with PMI, Theresa G. Dunleavy & Associates can produce a statement regarding the value of your home. The expense of the home valuation can often be recovered in just a few months because you'll no longer be paying the PMI. Order an appraisal from Theresa G. Dunleavy & Associates Order todaySettle a divorce with less stressA divorce is often complicated by the burdensome decision of who gets the house, and it can be an especially traumatic occurrence for both parties. So both parties are completely aware of the true market value of their property, it's a good idea to get an appraisal from Theresa G. Dunleavy & Associates, regardless of the situation. The parties will have a clearer picture of what price to set, if they need to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment. Determine a fair and accurate valuation for estate liquidationThe death of a loved one is a difficult time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Fair Market Value for the residential property involved. We ensure the highest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP). Unlike many wealthy individuals, most Americans do not have dedicated estate planners or executors to take care of these matters. A home or other property often makes up an unequal share of the total estate value, so understanding the true value of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've gotten an honest deal. Move to or from Norfolk City County through an employee relocation programWe understand the stress associated with an employee relocation. We take great care in setting up an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive characteristics of their property, as well as information about any recent sales or listings in their area that they want considered during our detailed inspection. Sell your home promptly — for an accurate priceA professional appraisal will help you make a better educated decision when determining your selling price, whether you want to sell your home on your own or with the help of a real estate agent. An appraiser has no vested interest in what price the house sells for, apart from real estate agents. Our fees depend on our efforts to complete the appraisal report and not a percentage of the sales price. On a daily basis, we examine the difference in value items like an additional bathroom or a kitchen remodel can make. Getting a professional appraisal is a reliable way to determine what improvements will add value and what an appropriate sales price is for your home so you don't come up short or have your house on the market an unnecessarily long time, because we're experts in knowing how long homes stay on the market. 
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