BENEFITS OF AN APPRAISAL BEFORE LISTING A PROPERTY
Selling your home is a time-consuming endeavor. chasing around town getting signatures, calling, emailing, scheduling…the list goes on! Thank goodness your real estate agent does that work for you.
A Realtor can also help in pricing but not to the same extent as an appraiser. The difference is in the rigor of the fact checking, the quantity of data gathered, recency of that data, and the techniques used in its interpretation.
In any transaction, there may be more than one party who has knowledge of real estate valuation. But when it comes to valuation of a specific property, there will always be only one person who is completely unbiased and independent. This independence, coupled with our unique knowledge of the local real estate market, is where the true value of an appraiser comes in, and why you should hire an appraiser before you list your home for sale.
An appraiser can give you a completely unbiased, professional opinion of value of your home, without any financial incentive or partiality to do otherwise. The appraiser’s report can assist your realtor in determining the best course of action to get your home sold for the most money in the shortest time. While the unbiased nature of an appraiser is the strongest reason for hiring an appraiser, there are other benefits as well.
An appraisal can be a useful negotiating tool when you have a potential buyer; it can be used in advertising efforts; it can help in making you aware of potential problems that might occur during the process (i.e. FHA deficiencies, repairs, etc), and it might even show you some ideas as to how to quickly increase the market value of your home before you list.
Your home is likely your largest investment. Protect your investment by hiring an appraiser to provide you with an unbiased, professional opinion of value, and then hire a realtor to help you get your home sold.