Attention homeowners in Lynchburg and Lynchburg City County: Get an Appraisal today!

Here are the top 7 reasons VA homeowners call on Riley Appraisals LLC:

Find the right listing price (whether you're using a real estate agent or selling the home on your own)
Challenge Lynchburg City county's assessment of your property
To cut their mortgage payments by removing PMI
Reinstate your Home Equity Line of Credit (or HELOC)
To review another appraiser's report for verification
If property needs to be divided because of a divorce
To determine the true market value of real estate in question to settle an estate in Lynchburg City County or the state of VA

Do you own a house in or near Lynchburg? Do you need help deciding the price of your real estate?
Contact Riley Appraisals LLC.

At Riley Appraisals LLC, we understand the unique needs of a homeowner in need of appraisal services. While our typical business clients understand the appraisal process and standard reporting formats, you as a consumer will get extra service in the form of an explanation of the process and even special consumer-friendly reporting forms if the assignment allows for them.

For-Sale-By-Owner (FSBO) / Pre-Listing Services

Since you have an emotional attachment to your home, it's often very hard to be objective about it. A professional appraiser is objective and will tell you what you need to know, not just what you want to hear. A professional appraisal is very crucial as a negotiating tool once you have a potential buyer, in addition to helping you set a realistic price to sell at so your property will attract buyers. It gives you something tangible to show your buyer. The appraisal is an independent third party's opinion of your property's price, not just how much you think your house is worth. Interested buyers assume you have an emotional attachment to your home and will be more likely to give credibility to an expert appraiser's value opinion than yours.

Appraisals to remove PMI

Getting the PMI (Private Mortgage Insurance) eliminated from your mortgage loan is a preferred way to cut expenses for homeowners. Your monthly payments will go down once your mortgage loan is less than 80% of the value of your property. In most cases you can apply to your lender to have the PMI eliminated from your loan. Riley Appraisals LLC is veterans in helping people just like you dismiss unwanted and unneeded PMI insurance.

Challenge a property tax assessment

If you live in a local area that is declining or not appreciating as much as other houses close by, your local tax assessor may have your house overvalued. That means you're going to pay more taxes than you should. The faster you take care of a matter like this, the better off you'll be, since your property assessment may likely go up again in the next period. A professional appraisal from Riley Appraisals LLC is your perfect weapon when challenging your property tax assessment.

HELOC recently frozen?

Even if your specific property has not declined in value, your lender just might decide to automatically freeze your home equity line of credit (HELOC) if your property is in a declining area. This can be be harmful to your credit score since it may appear as though that credit line is maxed out, and also disadvantageous from a cash flow viewpoint. Riley Appraisals LLC can help you reinstate your HELOC.

We Also Provide Field and Desktop Appraisal Review Services

Have you just been handed a copy of your appraisal and you'd wish to have a professional double-check it for verity or do you need a second opinion without the charge and delay of waiting for a whole new appraisal? We can go out and check the subject and comps in a field review. If you're in a hurry, we'll provide you with a desk review and verify as many facts as we can using online data sources as well as our own files.

We can also provide a retrospective review of any appraisal report you may have had done before. While typically requested by banks, you may desire to exercise this service if you suspect mortgage fraud related to your home.