More and more homeowners today are choosing to sell their homes FSBO (For Sale By Owner) and foregoing the help of a real estate agent. Selling your home by this method can end up saving you a potential “hefty” commission (industry average is 5-7% of the home’s selling price). Plus many FSBO sellers feel that they have more control in the process of selling their home since they are not locked into a specific listing time period, can change the price without listing agent agreement and are essentially making the decisions in the process. Unlike a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our appraisal fees are based on efforts to complete the report and not a percentage of the sales price. So a professional appraisal can often help homeowners make the best decisions on investing in their homes and setting a fair sales price. Pre-Listing Appraisal Services If you’re working with a real estate agent to list your property, more than likely they’ll provide you with a Comparative Market Analysis (CMA) that lists selected sales in your area as one of the first steps in determining what to set as the “Listing Price".This step is vital if you're going to maximize your profit and minimize the home’s time on the market. But even if you're working with the most experienced real estate agent, it's probably in your best interest to have an "objective" third-party's opinion of value prior to signing a Listing Agreement. And that’s where we come in. We can provide you with a pre-listing appraisal so both 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" or as they're commonly called, "Comps". The appraisal process includes a detailed adjustment process to the comparable sales to arrive at a point value estimate, not just an undeciphered list of information on other homes that have sold like you find with an agent's Competitive Market Analysis. In addition to helping you set a realistic selling price so your home will attract buyers, a professional appraisal can:
Many people are surprised when they find out that the market value of their home is more than they thought or what the listing agent wanting to make a quick commission has told them. Investing in a professional appraisal actually allowed these people to sell their home at a realistic and supported price within a reasonable time-frame. Others have an inflated opinion of their home's value and an appraisal helped them to realistically price their home in order for it to sell. . . again, based on independent facts and data. An overpriced home will not attract buyers, which means no offers and no closing and that you have wasted valuable time, money, and efforts. Improvements to add value
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