Home Sellers - Here's How to Get the Best Appraisal | RealtyPin.com
NEW YORK, Feb. 28, 2013 /PRNewswire-iReach/ -- When you think of a home appraisal, you probably think of it as being the buyer's problem. After all, they're the ones that have to qualify for a mortgage. So, if any problems pop up in the appraisal process, it's up to them to work everything out with their lender, right?
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According to the real estate experts at Realtypin.com, appraisal problems have become more and more common in the last few months. So, if you want to sell your home sooner rather than later, you have to make the appraisal your problem, too.
Here's how you can get the best appraisal, so that you can turn around and sell your home for the best price possible:
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1. Get your home appraised before you list it for sale
Even though home values are changing quickly right now (and, thus, your appraisal may not be accurate by the time someone puts in an offer), this will act as a baseline. That way, if an appraiser comes in with a number that's much lower than your original appraisal, you'll have something to counter with.
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2. Give your home some TLC before your buyer's appraiser arrives
You don't have to do anything drastic. Just make sure that your home is clean and clutter-free. Make sure that the yard looks good. In short, do whatever you can to ensure that your home looks as spacious and luxurious as possible! (Luckily, this won't be hard if you've recently had your home available for showings!)
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3. Make a list of improvements
When the buyer's appraiser arrives, give him a list of all of the upgrades you've made to the home for sale – that include everything from the new roof to the fresh paint in the guest bathroom. That way, he'll have a good idea of just what kind of shape your home is in. Without your input, though, he might not be able to tell just how new some of those improvements are, and you want to make sure you get credit for every single one of them!
4. Go over the finished product with a fine-toothed comb
If the appraisal comes in lower than you were expecting, you're going to need to go over the paperwork. Start with the big stuff – like the number of bedrooms and the square footage. It could be that a simple mistake led to a lower appraisal! If the basic information is right, check the comps from your area. (Those are appraisals done on similar homes to yours, around the same time as yours.) That way, you'll be able to see what other homes were appraised at. If they're valued a lot higher, your appraiser will have to explain why.
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