Buying Your Dream Home or
Buying a home is one of the most important
and expensive decisions a
family can make. Lenders require a market value
appraisal to ensure the price you have agreed to pay is
reasonable in order
to protect their financial interests. If you got a good deal
and the property is worth much more, this will show on an
appraisal even though the loan amount will be based on the
Selling Your Own Property
Selling your own property can save you money from real
estate commissions in some markets some of the time.
Accurately pricing your home to sell is one of the most
important factors in keeping all of your equity.
you overprice or under price your home, you could be
losing valuable equity.
Overpricing - Studies have shown that houses that
are initially overpriced tend to be on the market longer
and ultimately sell at a price less than their market
value, on average. Thatís why it isnít customary for
real estate agents to simply overprice a house and
slowly bring the price down over time. Theyíve learned
that overpricing a house is the best way to dramatically
increase marketing times and ultimately end up getting
less money for the owners in the process.
Underpricing - If you ask too little then you are
obviously throwing your money away. The cost of a
professional appraisal is very low compared to the risk
of improperly pricing your house.
What special skills are most helpful to someone
selling their own house?
We have expertise in determining the
marketís reaction to special problems with housing. For
instance, if your house is unusual in some way or needs
a lot of repairs we can estimate the marketís reaction to
those problems so that you can price your house
properly. We also analyze external factors such as your
homeís proximity to any adverse factors. There are a
lot of situations that require special expertise and we
work with homeowners all the time with those sorts of
problems. Call us before you price your property if you
are unsure of market price.
What can an appraiser do that a real estate agent
Appraisers are specifically trained to estimate market value and
are adept at dealing with difficult valuation problems
if some aspect of your house is unusual. Real estate
agents receive very little appraisal training as part of their licensure
requirements. In fact, the exposure they do get is only
a very brief introduction. The vast majority of real
estate agents/brokers have no detailed training
in the appraisal process. While they can give you
a brokers opinion of value, by state law they cannot
provide certified appraisals.
Also, as State Certified Real Estate
Appraisers we are required to conform to a set of standards known as USPAP
which entails hundreds of pages of standards and ethics.
We are required by law to be objective, impartial,
independent, and to act without accommodation of
If you are a
homeowner who is being transferred and your
employer is providing relocation assistance
then they probably have hired a relocation
This company will assist your
employer with your move, and part of that
assistance will be sale assistance of your
home. They will need to know the anticipated sales
price of your house. They will generally give you a list
of approved appraisers and tell you to choose one or two
(sometimes three) appraisers from that list.
Appraisers will provide the relocation company with a
detailed appraisal report outlining the features and market
value of your home.
Investments / Real Estate