Get Your Home's Value

Get Your Home's Value Whether you’re considering buying a new home or selling your current home or refinancing your exis

Lock in all the final details for appraisal dayIt’s a few days before the appraiser’s visit (or the day of, if you’re a ...
03/20/2022

Lock in all the final details for appraisal day

It’s a few days before the appraiser’s visit (or the day of, if you’re a last-minute kind-of-person). What tasks should you take care of before they show up?

You’ll want to take a few hours to deep clean and declutter the house, particularly the visible portions like floors and countertops. Vacuum, give kitchens and bathrooms a once over, and wipe surfaces of any dust and grime.

This step is especially important if you haven’t regularly lived in the property over the past few months. Grichine can recall several times over the years when conditions in a house he visited were unsanitary, causing him physical discomfort including sneezing and difficulty breathing.

Schedule the appraisal and gather up supporting documents that speak to your home’s valueNow it’s the time to schedule t...
03/19/2022

Schedule the appraisal and gather up supporting documents that speak to your home’s value

Now it’s the time to schedule the appraiser to come out to the house and do what they do best.

While the cost of a full appraisal varies according to location, you can generally expect to pay about $300-$500 for these services.

Be sure to have documentation of all home improvements made to the property over the past 10-15 years on hand, including remodels, upgrades, and new additions.

Prepare the house to look its best for a special guestIf time allows, you’ll want to do some minor home improvements aro...
03/18/2022

Prepare the house to look its best for a special guest

If time allows, you’ll want to do some minor home improvements around the house before you get a home appraiser on the schedule. A little sweat equity and a couple of weekends can add big dollars to your home’s appraised value. So think about tackling the following items in preparation of your appraiser’s anticipated visit:
Take care of those minor repairs you’ve been putting off

Any broken items or fixtures, such as a leaking toilet, cracked floors, or missing door handles, should be first on the to-do list. These obvious issues can give the appraiser the idea that the house wasn’t kept in the best of shape, and should be taken care of right away

Make sure the appraiser is a bonafide expert in your local marketHomeowners should always ask home appraiser candidates ...
03/17/2022

Make sure the appraiser is a bonafide expert in your local market

Homeowners should always ask home appraiser candidates about their professional designations, whether they are licensed or certified in their state, and how long they have been in the business.

You will want to check the appraiser’s license and credentials, which you can do through your state’s licensing agency. Most state agencies will provide verification in writing that an appraiser is currently in good standing, which also may disclose any disciplinary actions that have been taken against them.

Cons of getting a seller’s appraisal: -You’re on the hook for the out-of-pocket expense. -You’ll be paying for the...
03/16/2022

Cons of getting a seller’s appraisal:

-You’re on the hook for the out-of-pocket expense.
-You’ll be paying for the appraisal on your own, which can cost between $300-$500, unlike the typical appraisal commissioned by the buyer prior to sale.
-A home appraisal won’t typically be necessary to price the home correctly.
-Your real estate agent will help price your home as part of their service package using what’s called a comparative market analysis that takes into account similar recently sold properties in your area.
-Potential for error.
-An inaccurate appraisal could throw off your pricing strategy and delay the home sale.
-Buyers won’t always trust an appraisal obtained by the seller.
-It’s possible that the leverage an appraisal gives you during negotiations will be mitigated by a buyer’s distrust of valuation that comes from someone they didn’t hire.

Looking to get a home appraisal as part of your preparations for selling the house? A professional appraisal is one meth...
03/15/2022

Looking to get a home appraisal as part of your preparations for selling the house? A professional appraisal is one method for valuing a home if you’re totally in the dark about its worth or have a unique property that’s difficult to price. However, there are more efficient ways to find out a home’s value, and a buyer will have to order a separate lender appraisal as part of the closing process regardless of any appraisals you’ve obtained in the past.

So if you do opt to spend the extra money on an appraisal upfront, you want to make sure it doesn’t lead you astray with a bad opinion or the time, preparations, and expense required for this process won’t be worth it.

So let’s go through the pros and cons of a seller’s appraisal—then we’ll break down the steps of how to get an appraisal you can trust will be an accurate reflection of what your house could fetch on the open market.

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