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Property Values
January 10th, 2011 11:52 AM

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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Posted by Kelly Kellogg on January 10th, 2011 11:52 AMPost a Comment

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Excellent advice. It's a great value for the seller's investment. Less days on the market. Buyers offer less the longer the listing is on the market. Reduces costs the seller pays in mortgage payments & maintaining the property while on the market. Higher net to sellers with a current appraisal documenting the current market value. Adrienne Bushey PA GRI Watson Realty

Posted by Adrienne Bushey PA GRI Watson Realty on January 21st, 2011 8:39 AM
Great words of advice, for pricing, always have your Realtor present to help you figure out how much your home is worth, and price it a bit higher, but not to high that it will scare away potential buyers, they almost always bargain. One very important you should do before putting your home on the market is to have the home inspected for any potentially detrimental damage that will need to be repaired. This will make your home more valuable and will often raise the resale value.

Posted by Eric Blaise on March 18th, 2015 12:35 PM