Getting An Appraisal Done Right

Getting An Appraisal Done Right

When listing your home, sometimes gauging the value can be an emotional process. If you have a special attachment to the home from growing up there, raising children there, or having a great relationship with your neighbors, your happy memories have the potential to cloud your judgment. You may end up believing the value of your home to be more than it actually is. If your home is listed at a price that is higher than what it is worth, especially within your market, selling it will likely be quite difficult.

It’s for these exact reasons why professional appraisers exist and are tasked with the job of determining the value of your home based on a multitude of factors. These factors include the size and condition of the house, any improvements that have been made, notes about the surrounding area, recent market trends, and a comparative market analysis (CMA) to support the appraisal. The appraiser may also take structural problems into account like wet basements or cracked foundations. Once the appraisal is finished, both the seller and the buyer have reason to feel confident that the listed price is one that is based in fact.

Did we get you thinking? If you’ve considered selling and are curious about what you home is worth, check out the link below to our home value calculator today! All you have to do is input your address and we’ll give you a valuation estimate right there on the spot… plus it’s free!

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Phone: 301-466-5656
Dated: July 22nd 2014
Views: 433
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