Why Should Home Sellers Hire an Appraiser?
Do you know how much your home is worth?
If you are selling your home, it’s important to seek out a local certified real estate appraiser to get an accurate depiction of what your home is worth in today’s market. Also, you can give a copy of the appraisal to any prospective buyers.
When choosing an appraiser, it’s important to select an experienced, local professional that understands the local market. This way, you can get the most accurate estimate of your property’s current market value before putting your home on the market.
Hire an Appraiser BEFORE Selling Your Home
Purchasing a home is often one of the biggest investments an individual will make. When you voluntarily have your home appraised, it’s a signal to potential buyers that you’re being reasonable about your asking price. It makes your selling price more credible and can lead to higher offers and a smoother closing process.
Home buyers will appreciate your transparency.
They will be happy that you’re providing a reliable assessment of the property’s fair market value.
Most buyers feel safer knowing you hired a third-party expert to assist with pricing the property.
If you price your home too low, you run the risk of leaving money on the table. Too high, and you’ll turn away potential buyers.
Furthermore, the appraiser will provide you with a very detailed report that will have important information about the home. Such as a very accurate sketch of the square footage or gross living area of the home. This information will be of great interest to buyers. This can increase your buyer’s confidence.
Having your home appraised before going on the market will help you price your home competitively and fairly.
This may also put you in a better position to negotiate with prospective buyers.
Determining the Fair Market Value of Your Home
As an appraiser provides an opinion of the market value, he or she will look at the following things:
- Comparables in the same market that have recently sold
- Upgrades and improvements that were done to the property
- Neighborhood or community features
- Size, condition, quality, and type of property
- External influences that may impact the value
- Schools, access to transportation and local amenities
and experienced real estate appraiser goes through rigorous training, continuing education and on-the-job experience.
Most appraisers are reliable and reputable and will work diligently to remain impartial. Chicago appraisals can guarantee that every homebuyer and seller will always receive an unbiased and impartial opinion of value.
Contact Chicago Appraisals Before You Sell
Before you list your home, contact Chicago Appraisals to give you an accurate opinion of value. Ordering an appraisal before listing your property can sometimes make a significant difference in the amount of proceeds you net from your home.
We’ve had many people tell us it was well worth the fee for the appraisal when they consider what they were going to sell for…
Contact Us before selling your home to see what your home is worth in today’s ever-changing real estate market.
The law involving selling real estate is complicated and the facts of each case are unique. This article provides a brief, general introduction to the topic. This is not legal advice. As with any legal matter, we highly recommend consulting with an attorney.