Are you about to list your home for sale on the market? Have you considered getting an appraisal prior to your listing?
When a Real Estate Agent suggests a listing price for your home, they often base that on a Comparative Market Aanalysis (CMA). Their estimate focuses on other listings in the area, and only a small portion of the criteria necessary to determine the value of a home.
This is done with the motivation to sell your property at the highest listing so that they may earn the highest commission. This method can often mislead the seller into an inflated opinion of the value of their home. As a result, the seller may set their listing too high. An overpriced home will not attract buyers, which means the seller has wasted valuable time, and money.
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Unlike a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our appraisal fees are based on efforts to complete the report and not a percentage of the sales price.
At EAS, we can provide you with a prelisting appraisal. This appraisal offers both you and your agent a fair market analysis of your home, as it compares to current market trends, and the most recent and similar closed sales within your immediate area.
In addition to helping you set a realistic selling price to attract serious buyers, a prelisting appraisal can be a valuable negotiating tool once you have a potential buyer. It can help to determine if any improvements should be made, and what impact on value those may have.
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The prelisting appraisal can alert you to any potential problems, eliminate any repair hassles that might delay a closing, decrease the chance of a sale falling through due to a sales price that can not be supported; and it could eliminate the wait for the buyer, or their mortgage company, to get an appraisal done on their own.
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