Anthony Appraisers Inc FAQs

House appraisal companies in Fairfax, VA produce a professional, unbiased opinion of market value to be used in making real estate decisions. A formal investigation is presented by the appraiser in a report. Did you know that, according to Investopedia, in all 50 states, qualified home appraisers must be licensed? Get in touch with us for the professional service you need!

There are a lot of reasons to get an appraisal from Anthony Appraisers Inc. The most common reason is real estate and mortgage transactions. A few other reasons for getting an appraisal report include: 

• To obtain a loan
• If you would like to lower your property tax obligations
• To show the replacement cost of PMI
• To contest high property taxes
• If you need to settle an estate
• To give you a negotiating tool when purchasing real estate
• To determine a reasonable sales price when selling real estate
• To defend your rights in a condemnation case

Additionally, government agencies such as the IRS require an appraisal on every home. It's possible you could have to deal with being in a lawsuit, and an appraisal will definitely help. For more information from one of the appraisal companies Fairfax, VA residents trust the most, give us a call.

The appraiser is not a home inspector and does not do a complete home inspection. A third-party home inspector will evaluate the structure of the property, from the roof to the bottom. The general property inspector's report will include an evaluation of the integrity of the home's heating systems, central air conditioning system (temperature permitting), interior plumbing, electrical systems, the roof, attic, visible insulation, walls, ceilings, floors, windows, doors, the foundation, basement, and visible structure. We're proud to be one of the few trusted house appraisal companies in Fairfax, VA.

Each appraisal report must reflect a credible estimate of value and must identify the following:  

• The client and other intended users
• The intended use of the report
• The purpose of the assignment
• The type of value reported and the definition of the value reported
• The effective date of the appraiser's opinions and conclusions
• Division of interest, such as fractional interest, physical segment, and partial holding
• The scope of work used to complete the assignment

Additionally, the report includes relevant property characteristics, including location attributes, physical attributes, legal attributes, economic attributes, the real property interest valued, and non-real estate items included in the appraisal, such as personal property, including trade fixtures and intangible items. It also includes all known items including easements, restrictions, encumbrances, leases, reservations, covenants, contracts, declarations, special assessments, ordinances, and other items of a similar nature. If you'd like to speak to one of the most trusted house appraisal companies in Fairfax, VA, give us a call today.

Regulations regarding licensing and certification of real estate appraisers vary from state to state. However, licensing and certification are most often associated with many hours of coursework, tests, and practical experience. Once an appraiser is licensed, he or she is required to take continuing education courses in order to keep the license current. To speak with one of the most trusted house appraisal companies in Fairfax, VA, give us a call today.

Gathering data is one of the primary roles of an appraiser. Data can be divided into specific and general categories. Specific data is gathered from the home itself. Location, condition, amenities, size, and other specific data are gathered by the appraiser during an inspection. General data is gathered from a number of sources. Local Multiple Listing Services (MLS) provide data on recently sold homes that might be used as comparables. Tax records and other public documents verify actual sales prices in a market. Flood zone data is gathered from FEMA data outlets, such as Metro Appraisals' InterFlood product. And, most importantly, the appraiser gathers general data from his or her past experience in creating appraisals for other properties in the same market. To get in touch with one of the most experienced house appraisal companies in Fairfax, VA, give us a call today.

Anytime the value of your home or other real property is being used to make a significant financial decision, an appraisal helps. If you're selling your home, appraisal companies in Fairfax, VA help you set the most appropriate value. If you're buying, they make sure you don't overpay. If you're engaged in an estate settlement or divorce, they ensure that property is divided fairly. A home is often the single, largest financial asset anybody owns. Knowing its true value means you can make the right financial decisions.

When preparing to see appraisal companies in Fairfax, VA, the first step in most appraisals is the home inspection. During this process, 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. The best thing you can do to help is to 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. The following items, if available, will help your appraiser to provide a more accurate appraisal in a shorter period of time:  

• A survey of the house and property
• A deed or title report showing the legal description
• A recent tax bill
• A list of personal property to be sold with the house if applicable
• A copy of the original plans

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 between 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:

1. buyer and seller are typically motivated
2. both parties are well informed or well advised
3. a reasonable time is allowed for exposure to the open market
4. payment is made in terms of cash in U.S. dollars or in terms of financial arrangements comparable thereto
5. the price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions granted by anyone associated with the sale

For more information or to get in touch with one of the most reliable appraisal companies in Fairfax, VA, give us a call today.

In most real estate transactions, the appraisal is ordered by the lender. While the home buyer pays for the report as part of the closing costs, the lender retains the right to use the report or any information contained within. The home buyer is entitled to a copy of the report -- it's usually included with all of the other closing documents -- but is not entitled to use the report for any other purpose without permission from the lender. The exception to this rule is when a homeowner engages an appraiser directly. In these cases, the appraiser may stipulate how the appraisal can be used; for PMI removal, estate planning, or tax challenges, for example. If not stipulated otherwise, the homeowner can use the appraisal for any purpose. We're proud to be one of the few house appraisal companies Fairfax, VA residents trust the most. Give us a call today for more information.