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 may be in your best interest to also have an "objective and independent" third-party's opinion of value. 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, square footage and a detailed analysis of the most recent and similar "comparable sales" or as they're commonly called, "Comps". In addition to helping you set a realistic selling price so your home will attract buyers, a professional appraisal can:
- Be a very valuable negotiating tool once you have a potential buyer
- Impress buyer’s with a floor plan & square footage (AC living area) and provide written proof of your home’s condition inside and out
- Make yourself aware of possible problems prior to the Lender's Appraiser coming out (and eliminate last-minute repair hassles that might delay a closing)
- Decrease the chances of unknown problems that cause sales to fall through
The last few years have brought abought many changes to the US real estate market. This has been especially true for the North Texas areas. Many people are surprised when they find out that the market value of their home is actually much higher than they thought. So, investing in a professional appraisal actually allowed these people to receive a much higher sales price than they originally anticipated, once their home was sold. 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. An overpriced home will oftentimes not attract buyers, which means no showings or offers (and no closing) and that you have wasted valuable time, money, and efforts.
Improvements to add value
In addition to “how much?”, there may be other important questions to ask yourself before listing your home. Questions like ''Would it be better to paint the entire house before we sell it?”, ''Should I put in that third bathroom?'', ''Should I complete my kitchen remodel?'' Many things which we do to our houses have an effect on their value. Unfortunately, not all of them have an equal effect. While a kitchen remodel may improve the appeal of a home, it may not add nearly enough to the value to justify the expense.
We can step in and help advise you before you make these decisions. 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.