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Pre-Listing Appraisal Services

 

If you’re working with a real estate agent or broker to list your property, more than likely they’ll provide you with a Broker Price Opinion (BPO)that lists selected sales in your area as one of the first steps in determining what to set as the “Listing Price".  This step is vital if you're going to maximize your profit and minimize the amount of time on the market.


But even if you're working with the most experienced real estate agent, it's probably in your best interest to have an "objective" third-party's opinion of value prior to signing a Listing Agreement. And that’s where we come in. We can provide you with a pre-listing appraisal so both you and your agent have an accurate description of features and a detailed analysis of the most recent and similar "comparable sales" or as they're commonly called, "Comps". In addition to helping you set a realistic selling price so your property will attract buyers, a professional appraisal can:

 

  • Be a very valuable negotiating tool once you have a potential buyer
  • Impress buyer’s with written proof of your home’s condition inside and out
  • Make yourself aware of problems and eliminate last-minute repair hassles that might delay a closing
  • Decrease the chances of unknown problems that cause sales to fall through
  • Eliminate the wait for the buyer or their mortgage company to get the appraisal done on their own

Many people are surprised when they find out that the market value of their property is much more than they thought, so investing in a professional appraisal actually allowed these people to receive several thousand more dollars than they thought they would when their real estate was sold. Others have an inflated opinion of value and an appraisal helped them to realistically price their property in order for it to sell.  An overpriced property will not attract buyers, which means no offers and no closing and that you have wasted valuable time, money, and efforts.

Improvements to add value
In addition to “how much?”, there may be other important questions to ask yourself before listing your property.  Many things which we do to our properties have an effect on their value.  Unfortunately, not all of them have an equal effect. We can step in and help make these decisions. Unlike a real estate agent, an appraiser has no vested interest in what amount the property sells for. 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 property owners make the best decisions on investing in their money and setting a fair sales price.