If you are selling your home with OR without a real estate agent you should get an appraisal before you decide on the selling price. I remember a retired couple that set their selling price based on the agent’s analysis. Their home sold in three days! When the appraisal came in it was $20,000 above the selling price. That was a terrible shame but it can be just as bad if you price it too high and it just sits on the market. An upfront appraisal will protect your equity and be well worth the cost.
Having an idea about what is involved in appraising a piece of property can greatly help in maximizing the appraised value. The following major steps are in the sequence normally followed by appraisers:
1. Research the home as to size, bedrooms, baths, year built, lot size and square footage.
2. Gather data of recent sales in the neighborhood. The appraiser needs to locate at least 3 similar-sized homes that have sold in the neighborhood with in the last six months. The homes also need to be within one mile of the subject property. These homes are called the “Comparable Properties” or “Comps” for short.
3. The field inspection consists of two parts: a complete inspection of the subject property, and the exterior inspection of the comparable properties.
The subject property inspection consists of taking photos of the street scene, front of the home and rear of the home, which may include portions of the yard. The appraiser will make an interior inspection for condition, noting any items that would detract from or add to the value of your home. He will also draw a floor plan of the home while doing the inspection.
By:
About the Author:
Author: Connie Sanders has been in the real estate and mortgage industry for many years. Connie believes knowledge is power. She owns a free For Sale By Owner web site, and a mortgage information site at Mortgage Underwriting Guidelines.
Home Appraisal Explained
An appraisal helps determine the market value of your property. This is also known as the fair market value comparison or a market analysis. A home appraisal is an estimate of the worth of your property in an open and competitive market.
Whether you are buying, selling or trying to get a home equity loan, an appraisal is important. Being the seller, you would want the best possible price for your home and the appraisal process can help you. On the other hand, a buyer has to know whether the appraised value of the property is less or more than the asking price.
If you want to hire a professional to appraise your property, be prepared for an expensive and time-consuming appraisal. If you want a quick and affordable one, you can consult a service on the internet that could access all the data and report to your fast. Both appraisals contain the same important information and have the same guidelines.
A good appraisal should be an unbiased, professionally based opinion of your home and its market value based on the quality of functionality, appearance, construction and the value of similar homes in the real estate market.
By:
About the Author:
An appraisal helps determine the market value of your property. This is also known as the fair market value comparison or a market analysis. A home appraisal is an estimate of the worth of your property in an open and competitive market.
Whether you are buying, selling or trying to get a home equity loan, an appraisal is important. Being the seller, you would want the best possible price for your home and the appraisal process can help you. On the other hand, a buyer has to know whether the appraised value of the property is less or more than the asking price.
If you want to hire a professional to appraise your property, be prepared for an expensive and time-consuming appraisal. If you want a quick and affordable one, you can consult a service on the internet that could access all the data and report to your fast. Both appraisals contain the same important information and have the same guidelines.
A good appraisal should be an unbiased, professionally based opinion of your home and its market value based on the quality of functionality, appearance, construction and the value of similar homes in the real estate market.
By:
About the Author:
Everything you need at
Ocotillo Chandler AZ Houses for Sale, incredible comfort at
Ocotillo Chandler AZ Homes with Pools and and fantastic homes for all avid golfers at
Golf Community in Ocotillo Chandler AZ
Ocotillo Chandler AZ Houses for Sale, incredible comfort at
Ocotillo Chandler AZ Homes with Pools and and fantastic homes for all avid golfers at
Golf Community in Ocotillo Chandler AZ
Maximize your Home Appraisal!
Family Moving-Tips to help maximizing your home’s appraisal.
In many corporate transfers, the corporation has a policy of a relocation company buying your home if it does not sell within a set period of time. The relocation company then has the responsibility of selling your home after you move.
Knowing the ropes and assisting the appraiser will help you arrive at the highest value for your home. This can be accomplished by knowing what to expect when the appraiser comes to look over your house. Expect the appraiser to take pictures of both the inside and outside of the house. Spend some time getting the house ready for the appraisal. The results of the appraisal will give you the option if you should accept the corporation’s buyout offer or if you should continue to try to sell the house on your own.
Many corporations have policies that dictate they will buy your house if it does not sell in a specific period of time. To arrive at an offering price, a relocation appraisal will have to be completed. Here’s what you can do to assure you get the very best appraised value for you home.
By:
About the Author:
Family Moving-Tips to help maximizing your home’s appraisal.
In many corporate transfers, the corporation has a policy of a relocation company buying your home if it does not sell within a set period of time. The relocation company then has the responsibility of selling your home after you move.
Knowing the ropes and assisting the appraiser will help you arrive at the highest value for your home. This can be accomplished by knowing what to expect when the appraiser comes to look over your house. Expect the appraiser to take pictures of both the inside and outside of the house. Spend some time getting the house ready for the appraisal. The results of the appraisal will give you the option if you should accept the corporation’s buyout offer or if you should continue to try to sell the house on your own.
Many corporations have policies that dictate they will buy your house if it does not sell in a specific period of time. To arrive at an offering price, a relocation appraisal will have to be completed. Here’s what you can do to assure you get the very best appraised value for you home.
By:
About the Author:
John Groth is a Relocation Specialist. Go to Relocation and Moving Ideas and find great resources, a free money saving relocation guide, and valuable articles about business and individual moving and relocation. For a Smooth Move we have all the information to help you in planning your move.
RSS Feed