Home Appraisals By Alan Daniel
For an accurate 3rd party opinion of what your home is worth in todays marketplace
Why A Pre-Listing Appraisal
Written November 1, 2017
A pre-listing or consultation appraisal provides the seller and listing agent with a realistic interpretation of market value through the eyes of an appraiser. The pre-listing appraisal also serves as a valuable tool in assisting agents/sellers with items that may need repair or upgrades that may provide a positive return on value and marketability. Pre-listing appraisals also identify the most similar sales for a property and can be used to help a lenders appraiser who may be less familiar with a specific market area. In instances where a bank appraiser comes in below the appraised value, a review and rebuttal of the appraisal and an identification of problems within the appraisal can prove to be invaluable.
Most importantly, prelisting appraisals help identify the true market value of a home. A home which is properly priced will sell quicker and for more than one that is overpriced and destined for price reductions over an extended period of time.