Why should you hire an appraiser?
Whether selling Hollywood Hills real estate, a villa on a Greek island, or a home anywhere else in the world, you'll run into the same problem: Buyers are going to second-guess what your home is worth. Whether you like it or not, that's just the way it is. Can you blame them? It is the largest financial investment they will ever make.
Nothing reassures buyers more than a non interested professional validating your home's price.
Because real estate involves such serious financial decisions, sellers do well to get the advice of real estate appraisers and will benefit you as a seller in helping price your home. Real estate appraisers have only one job: to evaluate homes. And they don't have a vested interest in the transaction. Their job is to provide an unbiased estimate of the value of the home. By paying for an appraisal in advance, you might raise the odds that you get top dollar for your home because of what that unbiased opinion of value does for the buyer's confidence that the home is worth what you're asking.
During the appraiser´s inspection of the home, the real estate appraiser determines the quality of construction, the condition of the total property, and its design. They research the entire property by taking observations and searching public records and the MLS records for the details of other property assessments, past sales and leases, and any other transactions.
Discuss in advance with the appraiser to make sure he/she will transfer the appraisal to the new purchaser.
In some states, it might be it might even be possible to offer the seller´s appraisal to the buyer? The borrower would save $250 to $500 (or even more), which, in turn, can help you get more money during negotiations. In addition to reassuring the purchaser of your home's worth, you can in essence get some of the expense of the initial appraisal back by giving it to the borrower. In addition to cutting down some of the buyer's expenses, you also guarantee that the loan won't fall through because of a different (lower) appraisal, because if the borrower hires their own appraiser, it's possible that that appraiser will think the home isn't worth what they're paying.
For a very small charge, usually $25 to $50, you can have the appraiser rewrite the appraisal for the buyer if the buyer´s lender will accept this appraisal and the time frame is within the guidelines of their lender´s time frame. Right now, in Los Angeles County, the lender is requesting that the appraiser go back no more than 2 months since the market has changed so radically. In today's highly competitive real estate market, sellers have to use a little ingenuity in getting their property sold. Remember, a home is really sold twice: once to the buyer and once to the bank.
Article provided by Automated Homefinder, your online link to Abilene Texas real estate.
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Linda Zimmerman, GRI, e-PRO, SRES |
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