Kristen Meleedy, CBR's Blog
A home appraisal often helps a property seller determine how to price his or her residence. As such, an appraisal is important. And with a great appraisal, a seller may boost the likelihood of earning top dollar for his or her house.
Ultimately, there are many reasons to trust the final results of a house appraisal, and these reasons include:
1. A home appraisal is conducted by a property expert.
An expert home appraiser will allocate significant time and resources to complete his or her report. This professional also will perform a home analysis as part of his or her assessment. That way, a home appraiser can provide an accurate property valuation.
As you consider home appraisers, you may want to search for professionals with comprehensive experience. By doing so, you can find a home appraiser who knows the ins and outs of evaluating properties.
2. A home appraisal is based on your home's condition and real estate market data.
Although many home sellers believe an appraisal's property valuation is based solely on the age and condition of a house, other factors come into play. In fact, a home appraiser generally evaluates the current state of the housing market, the prices of comparable houses that recently sold and other real estate market data to determine the optimal property valuation.
Of course, it typically is a good idea to perform myriad property upgrades before an appraisal is completed. This may help you improve your chances of receiving the best-possible property valuation.
3. A home appraisal provides home selling insights you may struggle to obtain elsewhere.
A home seller won't have to wait too long to receive an appraisal report, as a home appraiser usually can provide this report over the course of a few days. Meanwhile, the report includes a property valuation and other home insights that a seller may be unable to obtain elsewhere. And as a result, the report may prove to be exceedingly valuable, particularly for a seller who wants to maximize the value of his or her house.
When it comes to conducting a home appraisal, you may want to consult with a real estate agent. This housing market professional can explain how a home appraisal works and answer any concerns or questions that you may have. Plus, a real estate agent may be able to put you in touch with the top-rated home appraisers in your city or town.
Let's not forget about the assistance that a real estate agent can provide throughout the house selling journey, either. A real estate agent will help you list your home and promote it to prospective buyers. And if you receive an offer to purchase your residence, a real estate agent can offer a recommendation about how to proceed with this homebuying proposal.
Ready to add your residence to the real estate market? Perform a house appraisal, and you can move one step closer to establishing a competitive initial asking price for your home.