Should I Get an Appraisal on My Home Before I List it?
One of the most important questions to be answered prior to selling in this challenging market is “how much is my home worth?” An uninformed decision could literally end up costing you thousands of dollars! You could potentially make the mistake of selling your home for less than it’s worth; or if you price too high you could cost yourself and your Realtor precious time by not getting the house sold and chasing the market. The only way to truly determine the fair market value of your property is to get an unbiased appraisal from a licensed professional. An appraiser will visit your home and do a thorough walk-through to determine its quality, condition, and marketability. He will measure to determine the correct square footage. Then, after gathering all the necessary data about your home, he will complete a thorough analysis of the neighborhood/area and current market activity as it pertains to your property. Given this information, and other tools at his disposal, an appraiser can provide you with a professional opinion of your home’s value. This will assist you and your Realtor with setting a listing price and during negotiations. An appraisal will ultimately help to get the home SOLD much more quickly and for a better return on your investment! And, if you’re a buyer in this unprecedented market (lucky you) an appraisal can help prevent you from spending too much money! Just like a home inspection, an appraisal is an essential tool to help facilitate any real estate transaction. And remember, the appraiser does not work on commission. He/she doesn’t base the appraisal fee upon a percentage of the value opinion or the sales price, so the value opinion you’re given is completely unbiased. Thank you Joe Abell for creating content for this blog. If you’re considering making the wise financial decision to get an appraisal, please feel free to call Abell Appraisal Services anytime at 502.235.1996 Click here for a market snapshot of your neighborhood.
