Listing Your Home? Get it Appraised.
Listing a home for sale requires the home owner and list agent to work together as a team. Common practice is for the agent to utilize a comparative market analysis (CMA) that includes similar houses for sale in the same market area. This is a customary starting point for estimating a competitive listing price. In order to maximize your profit and minimize the house's time on the market, this is a crucial step.
While an experienced agent can estimate a home’s market price; an independent appraiser can provide a professional opinion of market value.
That's where we come in. We'll do a pre-listing appraisal so the homeowner and agent have an accurate description of your house's features as well as a detailed analysis of the most recent and similar comparable sales.
We can help you decide on a realistic selling price so your house will draw in buyers and not turn them away. We can also:
- Provide expert opinion for possible home improvements to maximize return on investment.
- Provide a written narrative of your home's quality of construction, upgrades and features to educate potential buyers.
- Eliminate last-minute repair hassles and make yourself aware of problems that might delay a closing such as FHA/HUD requirements.
- Reduce chances of unexpected dilemmas that can cause sales to deteriorate
- Having confidence the buyer's appraisal should be accurate and can be underwritten
Many sellers are shocked when they find out that the market value of their house is actually more than they estimated. Taking the time to invest in a professional appraisal actually allowed them to receive several thousand more dollars when their home was sold. On the flip side, an appraisal helps those who have an over-inflated opinion of their home's estimated value to realistically price their home in order for it to sell. An overpriced house won't attract potential buyers. This directly correlates to wasted time, money, and effort. Each month that your home remains on the market, is another month you have to pay the mortgage and may even create a stigma to future potential buyers.