Home Appraisal pricing
3 Tips To Get The Most Out Of A Home Appraisal
Before deciding on a sales price for your home, get a home appraisal. This will provide the market value of the property, and it will also provide a reasonable foundation to determine your asking price. Here are a few tips to ensure the highest value possible for your appraisal.
Keep these tips in mind before you undergo an appraisal:
1. Presentation is everything.
The simplest but possibly most important task is to clear the house of clutter such as laundry, dishes, and walls filled floor-to-ceiling with pictures. Before the appraiser enters the house, fix any minor or major defects or blemishes found in the home. A new coat of paint is a great way to create a fresh and inviting environment. A large amount of natural light as well electrical lighting creates a welcoming space. Remember the appraiser evaluates your house through the buyer’s eyes.
2. Offer any additional facts about the house.
Many things, such as the neighborhood, factor into the value of your home. Research what houses are valued at around your neighborhood. This will help the appraiser in their estimate as well as give you a comparison of what you can expect.
3. Put your best foot forward
Appraisers can not inspect the entire house, so inform him or her about the most significant selling points about your house. Describe any recent home improvements indoors or outdoors. Home buyers today are concerned with saving energy, so energy efficient appliances and energy saving methods are a huge selling point.
If the first appraisal seems reasonably lower than expected, try another using a different company.
About the Author
Josh Harmatz is a seasoned veteran of the lending business and currently is the Chief Financial Officer for Voyage Home Loans, a Sacramento, California, mortgage business that is a direct lender of FHA loans. An honors graduate from the School of Business at Sacramento State with both a BS and an MBA, he believes his higher education is the cornerstone of his success. He operates his mortgage business with the highest integrity and a strong work ethic, while building reliable relationships with all of his clients. He is committed to his vision of improving business operations through technology, education, and trust.
Should a real estate broker charge for a home price appraisal?
They are not wanting to sell their home, but they are interested to see what there home is worth. Do I charge? Normally, if someone comes and wants to sell there home, I go in and tell them what a good asking price would be. If I should charge for my services, how much?
Depends on how you want to approach this…could they be a potential client in a year or two, how detailed do you get i.e. is this a formal appraisal that will require an independent appraiser to come in?
If it just mean a couple of hours of work for you by just pulling up recent comps in their area, then I would chalk it up to working to get a potential client. If you are going to pay for outside services then I would see if they would be willing to cover those costs…
Also, a good question to ask yourself is what would my competition do in this case. If you charge and your competition doesn’t then when they do finally go to sell your competition may get the 1st chance. Try to think long term and big picture here.
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In a perfect world, you have to have willing buyer and a willing seller. Neither is under duress. home appraisal pricing Both are in a position to maximize gain and are trying to do this. But in the real world, things are rarely that simple and equally balanced. home appraisal pricing Which is why people feel differently about the appraisal value of a house.