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  • Verified reviews icon33
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Ronald Gambardella
5.0(
1
)
Appraisal - Real Estate

Serving Chesapeake, VA and surrounding areas

Approved

In business since 1990

Free estimates

Customers say: Quick response

Ronald Gambardella is a real estate valuation firm performing appraisals for lenders, real estate agents, lawyers, accountants and private parties. We pride ourselves on our high quality, diligently prepared and thoroughly readable appraisal reports. You can count on our experience, ethics, competence, diligence and delivery. Our business is built on these values. When it comes to making important real estate investment decisions, the more you know, the better decision you can make. Give us a call today!

Response time9 hrs
2 neighbors recently requested a quote
Recommended by100%of homeowners
Avatar for BK Appraisal Services
BK Appraisal Services
4.7(
38
)
Appraisal - Real Estate

Serving Chesapeake, VA and surrounding areas

In business since 2006

Free estimates

Credit card accepted

"We hired BK for a home appraisal. They were prompt and had the paperwork to us quickly. Thier appraisal was identical to what the mortage company's appraiser did a month later."
Response time10 hrs
Recommended by94%of homeowners
Showing 1-10 of 19
Property Appraiser questions, answered by experts

Some appraisers hold a Member of the Appraisal Institute designation. This accolade is the highest credential property appraisers can earn. An MAI appraisal is typically used for commercial properties.

While your lender will likely recommend an appraiser, you can also hire a professional home appraiser on your own. Choose someone who is experienced in your type of residential property, and ensure they hold all of the necessary credentials that your state or region requires.

Depending on the size of the home, the appraisal itself can take several hours. After the appraiser’s visit is complete, it can take between a few days and a few weeks to get the report back. This timeline is largely dependent on the appraiser’s workload, research requirements, efficiency, and other factors.

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.

You can be present during a home appraisal, but it’s best to stay out of the appraiser’s way. Make yourself available, but don’t engage or interrupt, and don’t discuss value or your target sales price. If possible, have your agent present in the house instead of being present yourself.

In cases where an appraisal comes in lower than an offer price, sellers might opt to lower their asking price to meet the appraisal, especially if the market is slow, and replacing the offer with a higher one may take a long time. Sellers can also offer to make repairs to boost the appraised value, hire another appraiser to get a second opinion, or just move on to another offer that isn’t contingent on the buyer getting a mortgage or an appraisal inspection.

The Chesapeake, VA homeowners’ guide to property appraisals

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