Looking to refinance or looking to sell you might be finding you’re in need of an appraisal. When you get your appraisal come back lower than you expected. Appraisals are based on recent sale prices of comparable properties and in rising markets those sales prices might not be high enough to support the newest deals.
The reality is that appraiser might only be there 30 minutes or less. The best thing a homeowner can do to get the highest appraisal possible is to make sure you have all important features of the home readily available for the appraiser.
1. Make sure the appraisal knows your neighborhood. You can actually request that the bank sends a local appraiser. If that still doesn’t happen to arm yourself with as much information about our neighborhood.
2. Contact your agent and ask them to pull comparables of recently sold. You can also find information through sites like Zillow, Trulia or pageinnisrealestate.com. If you’re working with your local agent provide them exact info about your property.
3. Know what your home Kitchen, Bathrooms, wood floors, landscape all add value to your home
4. Document your repairs you did in your home and you will need to prove it. Take before and after photos. Breakdown costs room by room and have receipts to show if you did structural improvements or electrical system or heating system and cooling point those things out.
5. Talk to your neighbors about who has sold
6. Talk up your town from restaurants, schools, parks, location.
7. Declutter your home before the appraiser arrives and make sure that your home smells nice.
8. Give appraiser space to work, and don’t hover
If you need help in locating an appraiser or have general questions please contact me, and please check out www.pageinnisrealestate.com for tons of great tips and much more.