Why an Listing / Selling
Appraisals are so important.
Do you know the value of your home?
What are the dangers of over pricing?
Homeowners believe their home is a castle and may not be realistic
in determining the value. Whether listing with a real estate
agent or selling privately, for sale by owner -FSBO, an INHOUSE
Appraiser will provide you with an unbiased opinion of value.
Real Estate Brokers and Agents have a vested interest in obtaining
your listing. They may give you the value you want to hear
just to obtain your listing. With an appraisal you know the
independent value of your home.
Overprice your home and you miss your target market.
You may think that Buyers will simply bid less than your asking
price but most Buyers won't make an offer on a home that is
over priced too high for the market. Instead, Buyers prefer
to wait until the price is reduced and test their options
elsewhere in the meantime. Your home will be on the market
for an extended period of time, become "stale" and
be overlooked in the market. Over pricing is a certain defeating
strategy since it typically lengthens the period of time the
property remains on the market, reducing the price still further.
Another reason some Sellers don't receive offers on overpriced
homes is that Buyers may not want to upset or offend the Seller
by offering a substantially lower price than the one being
asked. Also, there's the fact that Buyers may know the market
better than the Sellers do, since they've been looking at
comparable homes and the prices on them.
Sellers who over-listed or overpriced their home will alienate
themselves from buyers and real estate agents who will choose
to search for more realistic asking prices. Agents also do
not like showing over priced properties because the buyers
will rarely make on offer and they suspect the seller will
be inflexible in looking at an offer that is substantially
less than the asking price. This is just wasted, unproductive
time for the real estate agent and for you. The real estate
agent could use your overpriced property to direct a Buyer
to a more realistically priced home.
Under price your home and you will not realize its most probable
Homeowners do not have access to all of the market data and
some of the information that they obtain from friends and
other sources maybe skewed or not accurate. An INHOUSE Appraisal
will provide you with the data in a report with the analysis
and conclusions on how we arrived at the most probable price
the property would sell for. The appraisal can also be utilized
as a marketing tool. It improves your bargaining position
with prospective buyers. An appraisal of your home will show
them its value.
INHOUSE APPRAISAL will help you obtain an independent
professional opinion of the most probable price for your home
by furnishing you with an appraisal report estimating the
market value of your home.