Attention homeowners: Real estate appraisal services for in Woodbridge and Prince William County

The top seven reasons why VA homeowners hire Patricia C. Fong, Appraiser:

  1. Get a pre-listing appraisal (whether you're using an agent or selling the home on your own)
  2. Challenge property tax assessments
  3. Remove PMI to reduce their monthly mortgage payment
  4. To reinstate your Home Equity Line of Credit (or HELOC)
  5. Verify another appraiser's report
  6. If property needs to be divided because of a divorce
  7. To determine the true market value of real estate in question to settle an estate in Prince William County or the state of VA

Own a house in or near Woodbridge, VA and need help determining the price of it?
Contact Patricia C. Fong, Appraiser.

We at Patricia C. Fong, Appraiser understand the particular needs of a homeowner seeking appraisal services. The appraisal process and reporting formats are familiar to our business clients like lenders, attorneys, and CPAs. But as a consumer,we will provide you with extra guidance and explanations through the appraisal process to more fully understand what we do and how we document the results of our analysis.

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

It's very hard to be objective about your own house because you most likely have an emotional attachment to it. Professional appraisers, like the ones at Patricia C. Fong, Appraiser, will be objective. We'll tell you what you need to know, not just what you want to hear. A professional appraisal is a very valuable negotiating tool once you have an attainable buyer, in addition to helping you set a realistic price to sell at so your home will attract buyers. It gives you something tangible to show the buyer. The appraisal is an independent third party's opinion of your property's value, not just you saying how much 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 accomplished appraiser's value report than yours.

PMI Removal Appraisals

Getting the PMI (Private Mortgage Insurance) removed from your mortgage loan is a popular way to cut costs for homeowners. Your monthly payments will go down once your mortgage loan amount is down below 80% of the value of your home. In most cases you can apply to your lender to have the PMI canceled from your loan. We are veterans in helping homeowners just like you dismiss undesirable PMI insurance.

Challenge Prince William county's assessment of your property

Your local tax assessor may have your home overvalued if you live in an area that is declining or not appreciating as much as other homes close by. That only means you're most likely paying more taxes than you should. Since your property assessment may likely go up again in the next period, the sooner you take care of things like this, the better. An appraisal report from Patricia C. Fong, Appraiser is your #1 weapon when contesting your property tax assessment.

Was your HELOC recently frozen?

Even if your specific property has not declined in value, your lender might just choose to automatically freeze your home equity line of credit (HELOC) if your property is in or near a declining area. Not only can this be inopportune from a cash flow angle, but it can be detrimental to your credit score since it may appear as though that credit line is maxed out. Patricia C. Fong, Appraiser can help you reinstate your home equity line of credit with a professional appraisal.

Do You Need Field and Desktop Appraisal Review Services?

Have you just accepted a copy of your appraisal and you would wish to have an expert double-check it for accuracy or do you need a second opinion without the added cost and delay of waiting for a whole new appraisal? In a field review we will go out and check the subject and comparables. Or, if you need it immediately, we can provide you with a desk review and verify as many facts as we can using online data sources as well as our own files.

Do you need a retrospective review of an appraisal report? Patricia C. Fong, Appraiser can help with that too. Even though this is typically requested by banks, you may want to use this service if you suspect mortgage fraud related to your property.