03/15/2014
Are you thinking of selling your home? If so, the first thing you probably want to know is how much it might be worth. This will help you plan your sales strategy, minimize the time your home is on the market, and plan your immediate financial future after the sale. But, how do you find out how much your home is worth?
One way not to do it is to rely on free — or worse yet, fee-based Internet sites that say they’ll give you an estimated value for your home. Many of them are simply referral companies that put local real estate agents in touch with people who are considering selling their home. They’re not in the business of valuing your house at all.
Some rely on public record and other freely available data. But this data is months old, and a computer simply can’t adjust sale prices of comparable properties in your area for time, living area, curb appeal and other features it takes a pair of human eyes to judge. A June 2004 Business Week article reported that many properties it tested couldn’t be valued online due to a lack of data, and when they could be, different sites gave such a wide range of values it was difficult to say which of any to rely on.
You could contact a local real estate agent. But that agent is going to want your business. He or she sells homes for a living, after all. And are they more likely to get your listing if they give you a conservative value on your home, or a possibly inflated one? There’s an unavoidable conflict of interest there.
A professional, objective appraiser is trained, educated and has the experience to analyze your home, comparable homes that have sold in the area recently, adjust for time on the market, physical features, living area and dozens of other factors and provide a professional, reliable opinion of value.
What can you do with a professional appraisal report once you’ve got it? You can determine an asking price that will minimize your home’s time on the market without selling yourself short. And an appraisal report is tremendous leverage in price negotiations. Your prospective buyer won’t have an appraisal of the house when they make an offer — but you’ll be able to tell them it’s too low (if it is), and use your appraisal report as leverage.
Even if you don’t plan to sell your home for some time, knowing the value of possibly your greatest asset is invaluable for peace of mind and financial planning purposes.
At A-TECH APPRAISAL CO, LLC, we would be happy and honored to serve your appraisal needs if you’re making the big decision to sell your home. If we can be of service, please contact us, or visit our website at www.a-techappraisal.com for more information on the appraisal process and our services.
William Furney
A-TECH APPRAISAL CO, LLC
(401) 921-4055
www.a-techappraisal.com
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