Pre-listing appraisals build confidence and foster good client relationships. An accurate appraisal is a key ingredient of an objective assessment of a price that will enable a property to sell quickly. In the case of investors who are bidding on unseen properties or other instances when a full valuation is difficult because of the lack of accessibility or a timing issue, an accurate pre-listing appraisal from a reliable third party source is invaluable.
A pre listing appraisal from a certified appraiser would have tangible proof in the form of comparable sales that meet Fannie Mae criteria for comparison. More importantly, by using the information contained in the pre listing appraisal, they would have the information needed to defend their listing price.
Recommending a prelisting appraisal by a licensed appraiser can help determine a fair and objective market value. The appraisal can also be used by you and the seller as a marketing tool to provide buyers.
There is truly no downside in acquiring a prelisting appraisal before you list your home. Besides establishing an objective market value, the appraisal will contain tangible information with comparables that meet lending criteria. The more informed and knowledgeable you are the better prepared you are to succeed in today's real estate market.
An overpriced home will not attract buyers, which means no offers and no closing and that you have wasted valuable time, money, and efforts. 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.
In summary, a small investment up front may save you a lot of time and money going forward!