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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

The entire appraisal process takes from seven to 10 days. This timeline accounts for the many steps of the appraisal process, including the post-inspection report completed by the appraiser.

Home appraisal services include the following tasks:

  • Inspect home interior and exterior

  • Evaluate materials, features, fixtures, and renovations

  • Review comparable properties

  • Write an appraisal report

Both conventional loans and FHA loans are types of mortgages, but they have a few key differences. Conventional loans are backed by private lenders without any government backing, and FHA loans are guaranteed by a government agency. FHA loans are designed to be easier for borrowers with low credit scores or income to qualify for.

If installing board and batten fixes an issue with the home, it could increase the value, but it isn’t commonly installed for that purpose. Board and batten is an aesthetic choice and, like most aesthetic choices, will do little to raise your home’s value. That being said, certain design elements can help attract more buyers, even if your home’s price won’t see a noticeable bump. 

As a seller, it might feel tempting to skip the appraisal, especially in a hot market that sees a lot of all-cash offers. While you can technically forgo it and hope for an all-cash offer, you’ll likely have a very tough time selling without an appraisal. 

In addition to protecting lenders from risk, appraisals also protect buyers’ investments. As such, it isn’t typically recommended for buyers to skip appraisals.

Foundation cracks won’t always affect your appraised value. All foundations crack due to normal settlement, so hairline cracks that aren’t leaking or uneven from side to side are unlikely to have an impact on your appraisal. Structural cracks, on the other hand, often lead to a reduced appraised value, especially if the underlying problem will cause the issue to worsen over time.

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.