If you are going to sell your home, it would be wise to invest in a professional appraisal. A
professional appraisal does cost money, but it will pay for itself in the long run! Unless a homeowner
analyzes the real estate market on a day to day basis, like a professional appraiser does, it's difficult to
form a well supported, accurate estimate of market value. Market value is not the sales price paid for
the home, cost to construct/build, etc. True market value does take these, and many other
attributes into consideration.
Most people are surprised when they discover the "true market value" of their home is considerably
higher than they thought. Investing in a professional appraisal is a good idea, if the result desired is
several thousand more dollars than expected, and who wouldn't want that. Some property owners have
an inflated opinion of value for their home/property, and a appraisal helps them to realistically price their
home, in order for it to sell. Typically, a overpriced home does not attract buyers, and it will sit on the
market for an unnecessary number of days/months, which actually has a negative effect on the final
offering/sales price. Potential buyers/real estate agents typically search a desired area using perimeters
such as, LP (Listing Price) range, and DOM (Days on Market). If properties are typically selling within 1
- 2 months of listing date in this area, and your property has been on the market for, lets say 3 months
(+- 90 days), some agents will overlook your property and show a comparable property, assuming there
is something wrong with yours (foundation issues, flood hazard area, out-dated, poor condition, etc.).
As you can gather from this hypothetical situation, there would be valuable time, money, and efforts
wasted; not to mention additional stress that none of us need. An appraisal sure does sound like a
good idea now, doesn't it?
In addition, an appraisal will point out needed repairs and visible deficiencies in the property, providing
you the opportunity to correct these items before placing it on the market. It is difficult to be objective
about your own home because of your emotional attachment. A Professional Appraiser is objective
and will tell you what you need to know, not just what you want to hear.
For-Sale-By-Owner (FSBO)
Homes that are listed for sale by the owner, without the assistance of a real estate agent, are known as
FSBOs (pronounced FIZZ-BO). Selling your home "on your own" will require a significant amount of
"homework" if you're going to do it right.
It's difficult to be objective about your own home because of your emotional attachment to it. Following
is some tips by the experts, when selling your home, "FSBO."
~ Do NOT "Overprice" Your Home!
In addition to helping you set a realistic Listing price, so your home will attract buyers, a professional
appraisal is a powerful negotiating tool, once you have a potential buyer. It gives you something concrete
to show your buyer. It's an independent third party's opinion of your home's market value, not just your
subjective opinion of value. Potential buyers are aware that property owners have an emotional
attachment to home. Therefore, potential buyers will give more credibility to a professional
appraisal.
~ Consultation
Maybe you feel like you don't need an "appraisal" but you'd still like some help gathering local property
and sales data. Our reports help you to make an informed buying decision. We understand the
complexities of buying a home and know what you are going through and will do our best to make it
easier for you by giving you a high quality, professional appraisal, designed without excessive industry
jargon so it can be a useful tool for you, and something you can depend on!
~ When you order a report from us, you can expect. . . .
Prompt response from your initial inquiry:
We will give you personalized information for your particular appraisal need. Just tell us your situation
and we will make suggestions.
Quick turnaround time: Typically one week or less from the date the request is received. If you've
chosen to receive a copy of your appraisal or consulting report via the Internet (EDI), you'll receive it
within MINUTES of its completion.
Appraisal and consulting reports formats to suit YOUR needs:
When it comes to appraisal and consulting, "One size does NOT fit all!"
We offer a variety of report types and delivery methods. Express mail too slow? We can deliver your
report attached to a standard email, or notify you of an Internet site to download your report, the
MINUTE it's completed!
Quick response to follow-up questions: Our reports are clearly written, understandable, and meet or
exceed the Uniform Standards of Professional Practice that governs the appraisal practice. If you
have any questions regarding your appraisal, after you've read the report, we encourage you to email or
call us!
