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Property Appraisals for
Home Sellers
If you are considering selling your home or any other property you may
own, you will most likely want to list it for sale with a real estate
agent in order to give it the best possible exposure to prospective
buyers.
Before listing your property for sale, you should consult at least
three different agencies and request a market analysis from each. You
will most likely be surprised at the differing values and suggested
sales prices you get. Don't be fooled by a high amount. Remember, you
are dealing with real estate agents. They are not acting as real estate
appraisers even if they have a license to do so. They are in business
to make that commission and the first step to that is to secure the
listing.
Sadly, most homeowners fall for the best pitch and sign up at the
highest suggested listing price. Realize that the buying public is not
completely ignorant and stupid. Even when you finally get an offer, it
will most likely not be near your expectations. This is when your agent
will begin to pressure you to lower your asking price and you will
probably agree. Well, all this time has passed and you may have lost a
sale because buyers would not look at your home at the inflated price
you were asking.
Going back to square one; you want to sell your home which is most
likely the largest investment you have. Educate yourself before you
take that step of listing it for sale. Hire an independent property
appraiser and get an appraisal of your property's current market value.
It will pay for itself by knowing you are listing your property at a
competitive price in the current market and will therefore have the
best chance of attracting a qualified buyer.
In your home inventory list and/or program, list and document all the
major improvements you have made over the years such as fencing,
siding, re-wiring, roofing, plumbing and paving renovations and
additions. Submit a printout of this list to your real estate agent
and/or appraiser.
Having a current property appraisal will also give you an indisputable
weapon when negotiating low ball offers.
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