Shaping Your Financial Future

Why You Will Want To Use Appraisal Companies When Selling Your Home

23 September 2015 by Angie Wells

Once you have decided that it is time to sell your home, you are going to want to hire an appraisal company. To help understand just how this would be beneficial to you, you will want to take a look at the following points.

Fair And Documented Appraisal

You want to make sure that you are getting as much money as you can for your home, without trying to ask for too much money. After all, too high of a listing price can cause many potential buyers to not even become interested enough to view your home, let alone put in an offer. Also, should your home appraise a little higher than what might be considered to be the average for your area, you will have documentation from a professional appraisal company that explains the listed value of your home. This might just be enough to give potential buyers the incentive they need in order to have their real estate agent write up an offer.

You Can See How Much Of An Improvement You Need To Make

You might think that your home is worth a certain amount of money and then find yourself surprised if the appraisal comes back with a lower amount. While this might be a little bit of a shock to the system, you can use this information to help you take action. With your written appraisal in hand, you will be able to see just how much of a difference there is between the value that your home has and the amount of value that you need to pay off any liens or to purchase another home.

You Can Use It As A Comparison Against Other Appraisals

When it comes time for a buyer to obtain a loan to purchase your home, their lender may very well send out their own appraiser. Their appraisal company might try to lowball the appraisal in order to avoid paying as much as you are asking. However, this can be easily disputed if you have proof that an independent appraisal company, who does not have any financial ties to you, gave a much different amount. This might persuade the lender's appraisal company to take a closer look at their evaluation.

With the previously mentioned things in mind, you should have no trouble seeing just how important it is to make sure that you are hiring your own appraisal company like SettlementOne before you list your home for sale.

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