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Floyd and Varney
5.0(
3
)
Appraisal - Real Estate

Serving Blacksburg, VA and surrounding areas

In business since 1997

Free estimates

Credit card accepted

Floyd & Varney, LLC started 1997 by Robert Floyd and Richard Varney. Over the last 22 years we have completed thousands of appraisals, one at a time. Our goal is to is to be accurate, prompt, honest, and helpful. We are looking forward to helping you before, during and after the appraisal. We do appraisals for mortgages, buyers and seller, divorce proceedings, estates, and homeowners wanting to remodel or expand their present home.

Response time5 hrs
Response rate92%
Recommended by100%of homeowners
Property Appraiser questions, answered by experts

A property valuation, sometimes called a comparative market analysis or CMA, provides a real estate expert’s opinion on how much your property will sell for. It takes many things into consideration, like the condition and location of the home, but ultimately, all that matters for a property valuation is what a buyer might be willing to pay for the property. An appraisal is more concerned with determining the value. A valuation is to estimate what you’ll get for a property, while an appraisal helps a lender establish loan-to-value ratios and loan amounts.

While there's not a lot of definite research, some experts suggest that an in-ground or wall-mounted basketball hoop can add value to your home by increasing curb appeal. In addition, having a basketball hoop is an attractive feature of a house since it promotes physical activity, especially for children.

Typically during transactions or refinancing, or whenever significant improvements are made.

They provide objective, third-party valuation, guiding fair sales or purchase prices.

The differences between market value and appraised value depend on the local market, so they can match, or either one can be higher than the other. In a “seller’s market,” where there is an abundance of buyers, market value will likely sit higher than the appraised value because there’s more demand for the low inventory of homes. In a “buyer’s market,” where there are more homes than there are buyers, the market value is more likely to sit below the appraised value to entice buyers.

The Blacksburg, VA homeowners’ guide to property appraisals

From average costs to expert advice, get all the answers you need to get your job done.