One of the biggest points of stress that home sellers face is their real estate appraisal after an offer has been accepted and the deal is going into escrow. It doesn't matter how much a buyer is willing to pay for a home -- a large majority of buyers purchase homes with a mortgage loan, and no lender is going to give a buyer a loan for more than a home is actually worth in the current real estate market. During a real estate appraisal, an appraiser will assess your home in order to determine its actual true market value. Having your home appraised is a normal part of selling a home, so you need to be prepared. Use the following tips to help ensure that you're ready for your real estate appraisal when you're selling your home:
Schedule the Appraisal as Soon as Possible
Once you accept an offer on the home that you are selling and it goes into escrow, a number of things begin happening all at the same time. From home inspections and title searches to mortgage loan paperwork, the escrow period is a very busy time. Since a real estate appraisal is required for the vast majority of real estate transactions, it is in your best interest to schedule the appraisal for as soon as possible after you accept an offer on your home. Getting the appraisal done early will leave you some time to take care of issues in the event that there are any problems with the appraised value of your home or the appraisal process.
Pay Attention to Curb Appeal
The curb appeal of your home makes a huge impression on everyone who sees it, whether that is a real estate agent, a buyer, or a real estate appraiser. If your assigned appraiser pulls up to see a home with weeds in the yard and dead plants and flowers, it casts a really bad first impression. If you want to ensure that your real estate appraisal gets off to a good start, make sure that your curb appeal shines.
Clean Your Home and Make Repairs
Few people live in an immaculate home every single day, but when you have an appraisal scheduled, it is well worth your time to hire a cleaning service for a deep clean or to clean your house from top to bottom yourself. A clean, tidy home shows that you take pride in your house, and it can affect the outcome of your appraisal. You should also make as many repairs as you can -- the less problems your appraiser finds, the higher your home will be valued.Share
2 November 2019
Do you plan to buy a building to start your first business in soon? Perhaps, you’ve already found the perfect place to make your entrepreneurial dreams come true. But, you might not know how much you should offer the seller for it. To help you determine this important amount, consider securing an appraisal on the building. An appraisal will tell you how much the place is worth right now. Once you get an appraisal, creating the perfect offer price should be a cinch. On this blog, I hope you will discover the numerous reasons people obtain appraisals for properties. Enjoy!