Pre-Listing Appraisal. Today’s market can be challenging. Whether you’re a homeowner selling your property on your own or a seasoned realtor trying to establish a fair list price, it’s often difficult to sift through all of the market data to determine a true value for your home.
So it’s common for homeowners and realtors to rely on appraisers for assistance when establishing a list price for the sale of their home. This is where a Pre-Listing Appraisal will come in to help in acquiring an accurate value for the property.
That’s where Bostedo Appraisal Services comes in as we have a long history of working with homeowners in the Greater Pittsburgh and surrounding areas trying to sell their own homes as well as realtors needing additional support for their own listings.
In today’s marketplace and ever-changing lender requirements, appraisers are aware of any underwriting changes the Banks may make. These changes deal directly with appraisal changes or requirements that may be added when appraising properties for mortgage purposes. Many of these changes may affect the final value of an appraised value. Regardless, the appraiser will be aware of these requirements and if the pre-listing appraisal is prepared under ‘Bank Requirements’, the homeowner will know exactly where they stand from the beginning.
At Bostedo Appraisal Services we can provide you with a professional 3rd party appraisal, which is far more accurate than a realtor based Comparative Market Analysis (CMA). A pre-listing appraisal ensures both you and your agent have an accurate description of your home’s features and a detailed analysis of the most recent and comparable sales.
In addition to helping you set a realistic selling price so your home will attract buyers, a professional appraisal:
- Provides an effective tool for negotiating with potential buyers and their agents
- Helps instill confidence in potential buyers since you have written proof of your home’s value
- Highlights up front any obvious repair problems which will help eliminate last-minute repair hassles that might delay closing
- Decreases the chances of sales falling through due to unforeseen problems
Keep in mind that overpriced homes attract far fewer buyers, which means fewer and possibly no offers, wasting valuable time, money, and efforts while an underpriced home can result in a lower selling price and you leaving substantial money on the table.
Getting a pre-listing appraisal will help you and/or your realtor determine a true list price for your property as well as maximize your chances of selling quickly for top dollar. In addition, we can help you determine what, if any, improvements would be the most cost effective in adding additional value to your home.
A full appraisal may or may not be needed depending on what it is you’re looking for. Often times a more limited valuation or market analysis report is entirely appropriate, whereas other times a full interior and exterior valuation may be necessary.
Give us a call today with any questions you might have and make sure to check out our Customer Reviews and Testimonials page of what others have to say about our Team at Bostedo Appraisal Services.
You can also watch our YouTube video on this subject below.