Why the Home Appraisal is So Important.
Having the right list price is crucial to selling your home.
Our professionals will provide you with a Comparative Market Analysis so you can see how your home competes with similar homes near you. This will help he/she to set a fair price that should meet the buyer's bank appraisal.
What is an appraisal? It is a professional estimate of your home's market value and it is given by a certified appraiser. The appraisal will focus on market value and price, which is the amount of money a buyer will pay. The reason for this is to protect the bank from overextending.
Prospective buyers and their lenders expect that your home is worth what you are asking. There are lending guidelines and to meet these your home must appraise for the asking price. If it appraises for less you may need to lower the price if you want that sale to close.
Our professionals can provide the appraiser with a record of comparable area homes which will help complement the appraiser's visual inspection of your home. It will include the home's improvements and its condition.