Listing Appraisals
If you’re working with a Real Estate Agent to list your property, most often a Comparative Market Analysis (CMA) is run to identify selected sales in your area. However, it’s likely to be in your best interest to have an “objective” third-party’s opinion of value prior to signing a Listing Agreement.
The Appraiser can provide you with a Listing Appraisal to you so that you and your agent have an accurate description of your home’s features and a detailed analysis of the most recent and similar “comparable sales”. A professional appraisal:
- Can assist you in determining a realistic Listing Price.
- Make you aware of any problems to help eliminate repair issues that might delay a closing.
- May give you a document that can be a powerful negotiating tool with a potential Buyer.
- May eliminate the wait for the Buyer or their mortgage company to get an appraisal performed.
All too often in recent times, Homeowners have an inflated opinion of what their home is worth. An appraisal can help them to realistically price their home in order for it to sell. An overpriced home will not attract buyers, which means no offers and that you have wasted valuable time, money and effort.
Conversely, some Homeowners are surprised when they find out that the market value of their home is more than they thought, so investing in a professional appraisal actually allowed these people to receive more than they thought they would when their home was sold.
An Appraiser has no vested interest in the selling price. Our fee is strictly the cost to perform the Appraisal and is not contingent upon closing, percentages, et al. Therefore, an Appraisal can often help homeowners make the best decisions on investing in their homes and setting a fair sales price.
