Granite Group Realtors



Posted by Granite Group Realtors on 1/6/2019

If you intend to sell your home, it often pays to hire an expert home appraiser. With this professional at your disposal, you can learn about the true value of your house relative to the competition and map out your home selling journey accordingly.

Ultimately, there are many reasons to work with a home appraiser, and these include:

1. You can gain insights into the housing market.

During a home appraisal, a property appraiser will inspect your residence from top to bottom. Then, this appraiser will offer a report that includes a valuation of your home.

A home appraisal report includes insights beyond the condition and age of your house. In fact, a home appraiser will look at the prices of similar houses in your area and evaluate your home in relation to comparable residences. By doing so, a home appraiser can provide a report that may help you prep to enter a buyer's or seller's market.

2. You can identify potential home problems.

Let's face it no homebuyer wants to purchase a house with cracked siding or a leaky roof. Fortunately, a home appraisal can help you identify and resolve any potential problems early in the home selling process.

Typically, a home appraiser will look at a house's roof, its heating and cooling system and other interior and exterior features. If the appraiser discovers any home problems, these issues will be defined in an appraisal report.

Use a home appraisal report to understand assorted home problems you'll be glad you did. Thanks to this report, you can take the necessary steps to mitigate various home issues.

3. You can establish a "competitive" price for your house.

As a home seller, your goal is to maximize the value of your residence. A home appraisal can help you do just that, as this assessment enables a home seller to define a "competitive" home price, regardless of the current real estate market's conditions.

When it comes to selling a house, performing a housing market analysis may prove to be insufficient. However, after a home appraisal, a home seller can better understand how a residence ranks against the competition and price it appropriately.

Establishing a competitive price from day one is essential for a home seller. And with a home appraisal, a home seller can set a fair price for a residence, increasing the likelihood of a fast home sale.

Before you list your residence, you should consider the aforementioned reasons to work with a home appraiser. If you employ a home appraiser today, you can boost your chances of accelerating the home selling cycle and maximizing the value of your house.

Lastly, if you need help finding a home appraiser, you should consult with a real estate agent. This housing market professional can offer unbiased home appraiser recommendations and put you in touch with the best home appraisers in your area. Perhaps best of all, a real estate agent is happy to provide expert advice throughout the home selling journey to ensure that you can get the best possible results.




Categories: Uncategorized  


Posted by Granite Group Realtors on 7/30/2017

Ready to purchase your dream home? Before you finalize a home purchase, it may be worthwhile to schedule a home appraisal.

With a home appraisal, a property expert will examine a residence both inside and out. The home appraiser then will offer a property valuation.

In some instances, a home offer may be appraisal-contingent. And if the home appraisal valuation falls below the amount of a buyer's offer, the buyer may request a renegotiated price.

A home appraisal may prove to be an important part of the homebuying process. As such, it is paramount for homebuyers to understand what an appraisal is all about and determine whether to conduct an appraisal.

To better understand home appraisals, let's take a look at three home appraisal facts that every homebuyer needs to consider.

1. An appraiser's valuation is his or her opinion of what a residence is worth.

Typically, a home appraiser will use a broad assortment of housing market data as part of a home assessment. The appraiser also will look closely at a residence as part of the home evaluation process.

Although a home appraisal is based on housing market data and a home assessment, it is essential to note that a home valuation is an appraiser's opinion. Therefore, two home appraisers may examine the same housing market data and the same house and come up with two different home valuations.

2. The homes in a neighborhood may affect the valuation of a residence.

Believe it or not, a home's value may be impacted by those around it. Thus, if you intend to buy a home, it often pays to evaluate the neighborhood to better understand whether a house's value will decline, stay the same or increase over time.

Furthermore, what you spend to improve a house is unlikely to raise a house's value proportionately. And if you spend $20,000 on home improvements, there are no guarantees that these home improvements will add $20,000 to a home's valuation.

3. A home appraisal and a home inspection are two very different things.

A home inspection often is considered a must-have during the homebuying process, and perhaps it is easy to understand why.

During a home inspection, a property expert will ensure there are no structural issues with a home and identify any problem areas. Then, a homebuyer can move forward with a home purchase, rescind a home offer or submit a counter proposal based on a home inspection report.

On the other hand, a home appraisal enables a property expert to evaluate the house in its current state. A home appraiser will compare and contrast a home in relation to others in the area and offer a valuation.

If you need help determining whether to conduct a home appraisal, a real estate agent is happy to assist you. With a real estate agent at your side, you can determine whether to set up a home appraisal prior to finalizing a home purchase.




Tags: Buying a home   appraisal  
Categories: Uncategorized