Barefoot Appraisals, Incorporated, a professional appraisal company, is locally owned and operated by Liz Seigler and Leslie Garland. Conveniently located in Reedville, Virginia for over 9 years, we provide superior appraisal services covering Virginia's Northern Neck and Middle Peninsula counties.
We make each step of your appraisal experience as convenient and complete as possible. That's why we work hard to satisfy cleints; strive to do a fast and efficient job; and most of all, enjoy making the appraisal experience a good one for their clients.
By using state-of-the-art computer technology, we quickly provide highly accurate appraisals to meet individual needs. We contact with the borrower within 24 hours of receipt of the order and punctually deliver an accurate appraisal report to the client after the inspection is complete. We can directly send reports to an email address in a digital format, if desired.
To proactively maintain current on methodologies, technologies, and regulations, we regularly attend professional development classes and/or seminars related to the appraisal industry. Our licenses and professional certifications are current and in good standing with the Commonwealth of Virginia.
Take the guess work out of this task and let us provide you the best responsive service that you and/or your clients deserve.
Barefoot Appraisals, Incorporated proudly offers the following services covering Virginia's Northern Neck counties of Lancaster, Northumberland, Richmond, and Westmoreland as well as Middle Peninsula counties of Mathews and Middlesex.
Complex properties will be quoted on a case by case basis. Complex properties include properties with an estimated value of $1,000,000 plus, large acreage, and non-conforming or atypical properties requiring extensive research and addendum.
According to the Uniform Standards of Professional Appraisal Practice, appraisers are no longer permitted to upgrade or transfer appraisals. Each of these requests will be treated as a new assignment. Fee will be negotiable based on the age of the appraisal.
The Appraiser will come to your home and measure it, determine the layout of the rooms inside, confirm all aspects of the home's general condition, and take several photos of your house for inclusion in the report. Some think they have to make the place spotless before the appraiser comes. Appraisers see hundreds of homes a year and will look past clutter and dust. The best thing you can do to help is make sure the appraiser has easy access to the exterior of the house. Trim any bushes and move any items that would make it difficult to measure the structure. On the inside, make sure that the appraiser can easily access items like furnaces and water heaters.
To facilitate the appraisal process, it's beneficial to have the following documents ready for the Appraiser:
Below are answers to questions most often asked by our clients. If you have a question that you want us to address, you may use the form below to submit your message. We will contact you punctually as soon as we process your information.
An Appraisal is a thought process leading to an opinion of value. This opinion or estimate is arrived at through a formal process that typically uses the three "common approaches to value":
Market Value or Fair Market Value is the most probable price that a property should bring (will sell for) in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller, each acting prudently, knowledgeably and assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby::
An Appraiser provides a professional, unbiased opinion of market value, to be used in making real estate decisions. Appraisers present their formal analysis in appraisal reports.
An Appraisal will tell you of the fair market value of the home you are planning on purchasing. You don't want to spend money on a home that is valued at below the purchase price. You want to know that your new home will be worth what you are paying for it.
You don't want to under-sell you home. You have put time, money and investment into your home and you should get what it is worth. With an appraisal, you will know what your home is worth.
A refinance can save money! An appraisal can help you acquire a better rate for your mortgage by showing that you have more equity in your home. Reappraising your home, especially after modifications, additions and repairs can help you refinance your home. A first mortgage carries a lower interest rate than second and third mortgages. You can use that extra equity to consolidate your mortgage loans, pay off your credit cards, and lower your higher interest debts.
You can save money if you are paying PMI (Private Mortgage Insurance). This is insurance your mortgage company charges to insure that your mortgage loan will get paid. If you financed your home with less than 20% down, it is likely that you are paying PMI. By getting an appraisal, you might find that you have 20% equity in your home. You can eliminate that PMI payment which could be enough to make an extra home payment. Did you know that if you made one extra home payment a year, you could cut your 30 year mortgage down by several years?
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