Property values are determined by the market or buyers in the market area. In today's challenging market, it is crucial to strategically price your home competively in order to capture the next buyer that comes along. However, you don't want to list your home too low because you want to get the most amount of money for your home or listing that the market will bear. Homes that are priced too high or too low are detrimental to the seller, the listing agent and property values. It is more important than ever to hire the services of a professional appraiser prior to listing your home in order to get it sold before prices decline even further. When hiring an appraiser, I recommend you get a list of professional, experienced appraisers from your Realtor verses googling or refering to the phone book. When it comes to pricing a home to sell, this market is most challenging, even for many appraisers. A professional Realtor will advise their seller to get an appraisal from an experienced, State Certified Residential Appraiser in order to price the home accurately. In addition, an appraisal may provide useful information during the negotiation process between buyers, sellers, Realtors and lenders. The fee for an appraisal up front in the listing process may potentially save or make thousands of dollars for the seller. Selling a home that is strategically priced will benefit neighborhood market values versus not selling a home due to an over-inflated asking price, which may add to the decline in property values.
For an accurrate appraisal analysis, contact Kelly Kellogg, Author, ABC's of a CMA and State Certified Residential Real Estate Appraiser (FLRD 2727) at Appraisal Experts, Inc. at 407-644-8885
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