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Getting an appraisal is the buyer's problem -- or is it?


Whether you're selling your home in Whittier, or Texas real estate, the same rule goes into effect: Buyers are going to have doubts about the asking price. Like it or not, that's how it goes. They're about to make the biggest investment of their lives.

There is nothing more reassuring to a buyer than an uninterested third party validating your home's price.
Since real estate dealings involve such a large financial commitment, sellers can boost their home's odds of selling by getting the professional opinion of real estate appraisers. Appraisers are third party real estate experts with no vested interest in the home. Their job is to document an impartial estimate of the value, considering the condition and quality, of the home. By getting an appraisal in advance you ensure that you get the higest value possible for your home because of the feeling of security the appraisal offers to the prospective buyer.

While evaluating the home, the real estate appraiser judges how sound the construction of the home is, the condition of the total property, and how dated (or outdated) the home may be compared to other homes that have sold. They research the entire property by taking observations and searching public records for the details of other properties, past sales and leases, and any other transactions.

Negotiate with the appraiser in advance to make sure he/she will transfer the appraisal to the new purchaser.
If used properly, an advance home appraisal is a tangible asset that is part of the home, but it loses its value to the seller as soon as the home is sold. Why not let the borrower use your appraisal? It can save the buyer $300 to $700, which, in turn, can help you increase your odds of putting a deal together in the first place. In addition to helping reassure the buyer of the home's worth, you will be able to get some -- or more likely all -- of the expense of the initial appraisal back, by giving it to the borrower. Besides saving the buyer money, you also guarantee that your home will appraise, because if the borrower hires their own appraiser, it's possible that that appraiser will think the home isn't worth what they're paying.

For a small charge in the grand scheme of things, usually $25 to $50, you can have the appraiser re-write the appraisal to the new owner. In this real estate market, buyers can walk away from a contract for any reason and, sellers must use every tool possible to make sure their deal makes it to the closing table. Getting an advance home appraisal is a good, inexpensive bone you can toss into the deal to show your good faith and cooperative spirit as a seller. It not only increases the buyer's confidence in dealing with you, but it might put a few thousand extra dollars in your bank account as an added bonus!

This information was presented by your Colorado Denver real estate experts of Automated Homefinder.