CMP REAL ESTATE APPRAISAL BLOG

 

 

Get the information you need to have successful real estate appraisal. Access some of our most sought after appraisal tips and get answers to the questions the most frequently asked questions.

 
Brittany Perry Brittany Perry

What Matters Most in a Purchase Appraisal

A home appraisal during a purchase transaction serves one critical purpose: to provide an independent, well-supported opinion of value. This ensures the property is good collateral for the loan and helps prevent issues during underwriting. When an appraisal is accurate, well-supported, and delivered on time, we know we’ve done the job right.

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Brittany Perry Brittany Perry

Why a Home Appraisal Matters During Bankruptcy

Filing for bankruptcy in Virginia Beach, Chesapeake, Norfolk or surrounding Hampton Roads area? A professional home appraisal can help you accurately report your property value, protect exemptions, and reduce legal disputes. Learn how an appraisal supports your case from start to finish.

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Brittany Perry Brittany Perry

Why FSBO Sellers Should Order a Pre‑Listing Appraisal

Thinking of selling your home FSBO in Virginia Beach? A pre-listing appraisal can give you the confidence to price your home accurately, avoid costly surprises, and stand out in a competitive market. Learn how this simple step can make a big difference in your sale.

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Brittany Perry Brittany Perry

Settling an Estate? Why a Certified Real Estate Appraisal Is Crucial.

Settling an estate in Virginia Beach? Learn why a certified real estate appraisal is essential for probate, inheritance, and fair property division. Discover how CMP Appraisals provides accurate, court-ready valuations that help families navigate estate settlements with confidence.

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Brittany Perry Brittany Perry

Will Custom Trim Add Value to My Home?

Home interiors are all about custom trim work right now and appraisers are noticing. If you want to highlight the care, upkeep, and craftsmanship you’ve given to your home, custom trim throughout can do a stellar job at that.

✨ Shiplap

✨Wainscoting

✨Board & Batten

✨the options are endless!

A well-maintained home throughout can speak volumes on value. 💰

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Brittany Perry Brittany Perry

3 easy tips when maximizing your kitchen’s value:

Here are 3 easy tips when maximizing your kitchen’s value:

💰 Go for quality materials like granite or quartz countertops, hardwood or tile flooring, and solid wood cabinetry. These materials not only enhance the aesthetic appeal but also increase the longevity of your kitchen.

💰 Upgrading to high-quality and energy efficient appliances not only improve the functionality of your kitchen but also boost its appeal to potential buyers.

💰 Updating fixtures for lighting, faucets, and cabinetry keep your kitchen at its best and most efficient.

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Brittany Perry Brittany Perry

👋 What are 3 traits you should look for in a home appraiser?

👋 What are 3 traits you should look for in a home appraiser?

1️⃣ Attention to Detail: Appraisers must meticulously inspect and evaluate various aspects of a property including its quality, condition, and unique features.

2️⃣ Analytical Skills: Appraisers need strong analytical skills to interpret data, market trends, and other factors that influence property values. They must be able to interpret complex information and arrive at fully defensible valuation conclusions.

3️⃣ Impartiality and Integrity: Appraisers must remain an unbiased third party throughout the appraisal process. Appraisal reports should be based on factual evidence, without being influenced by external factors such as personal biases or pressure from stakeholders.

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Brittany Perry Brittany Perry

How do Appraisers Classify a Bedroom as a Bedroom?

The bedroom may be where the magic happens, but CMP needs a little more than magic when classifying a bedroom. So what makes a bedroom a bedroom for your home appraisal? Whether it’s a Virginia Beach home appraisal, Chesapeake home appraisal, Norfolk home appraisal, Suffolk home appraisal, Newport News home appraisal, Hampton home appraisal or Portsmouth home appraisal, the criteria for a bedroom will stay the same:

  1. Room must be at least 70 ft 2

  2. Ceiling height at least 7 ft

  3. Two points of ingress and egress

  4. Automatically heated with the rest of the property

  5. Window openings at least 24 in x 20 in

  6. Sill height no more than 44 in above the floor

The biggest take away here is, in your heart of hearts, does the room truly function as a bedroom…ie, would you have your mother stay in it if she came to visit? CMP looks forward to serving your home appraisal needs!

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Brittany Perry Brittany Perry

5 big questions to ask to find the best appraiser in Virginia Beach

1) How long has your Virginia Beach appraisal firm been in service?

2) How far is your Virginia Beach appraisal office from my property?

3) What types of properties does your Virginia Beach appraisal firm specialize in?

4) Do your Virginia Beach appraisers provide transparent updates to clients as the appraisal process progresses?

5) Is your Virginia Beach appraiser a designated courtroom testimony expert?

When it comes to finding the best appraiser in Virginia Beach, each of these questions is a must!

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Brittany Perry Brittany Perry

What to Expect When Expecting the Appraiser

Ownership of a real estate property is likely one of the most valuable financial investments a person can make in a lifetime. CMP wants to help you advocate for and protect your investments. There are a few steps involved in the appraisal process. Come with us, while we walk through what you can expect start to finish in your home appraisal process:

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Liz Watson Liz Watson

Appraisals - The Ultimate Family Business

Appraisal shops across the country have been family endeavors from the outset. Even today, if you want to become an appraiser, your chances are far better if you can join the family business.

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Liz Watson Liz Watson

Learn To Think Like An Appraiser

Before making any real estate investment, make sure you are working with the strongest professionals in your area. As a Real Estate Appraisal Team, we know your questions deserve answers; the questions you know to ask, as well as the ones you don't.

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Liz Watson Liz Watson

Pre-Listings and the Appraiser: A Western Tale

Do you remember that initial spark that drew you to the appraisal profession? Wide-eyed at the vast amount of information to be studied when harnessing the best practices in deriving market value?

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