In today’s adapting market, using a licensed appraiser is highly beneficial for several reasons, but the best reason is that it helps in setting a realistic and competitive listing price for the property. Here’s why this is so important:
A professional appraisal provides an objective assessment of the property’s market value. This ensures that the listing price is neither too high nor too low, reflecting the true value of the property.
Pricing the property accurately from the start can give you a competitive edge in the market, attracting serious buyers quickly and potentially leading to multiple offers.
Properties priced correctly tend to sell faster. Overpricing can result in the property sitting on the market for an extended period, which may lead to price reductions and give the impression that something is wrong with the property. Underpricing can lead to quick sales but might result in leaving money on the table.
An accurate and professionally appraised listing price builds trust with potential buyers. They are more likely to feel confident in making an offer when they see that the price is based on a thorough and unbiased valuation.
With a pre-listing appraisal, both the seller and potential buyers have a clear understanding of the property’s value. This can streamline the negotiation process and reduce the likelihood of disputes over the price.
Buyers often need financing, which requires a lender’s appraisal. Having a pre-listing appraisal helps ensure that the property’s price aligns with the lender’s valuation, reducing the risk of financing issues that can delay or derail the sale.
Knowing the property’s value allows for more effective marketing strategies. You can highlight features and amenities that justify the price, making the property more attractive to potential buyers.
A pre-listing appraisal can reveal any issues or deficiencies that might affect the property’s value. This allows the seller to address these issues before listing, potentially increasing the property’s marketability and value.
Having an Appraisal to document the value of your home puts you in a superior bargaining position. DSH Appraisals Services have no vested interest in what amount your home sells for, unlike a real estate agent. Improvements do add value. There are many important questions to ask yourself before listing your home — and DSH Appraisals Services can help with that. Should we paint the outside of the house before we sell it… Should I put it in that third bathroom… Do I need to complete my kitchen remodeling? Virtually any project will influence value in some way. But each thing affects marketability differently. While a kitchen remodel may improve your home’s appeal, it might not add nearly enough to the value to justify the expenses. on our efforts to complete the report and are not a percentage of your home’s sale price.