There is typically emotion attached to the selling of one’s property. And when feelings are active, there is a certain amount of irrationality that will seep through. People think of the amount they had invested in the selling property and the hard work that initially had gone into buying it and then come up with a selling price. This could also work in reverse sometimes when a seller undermining the true value of his property decides on a lesser rate than the property should sell.
Finding out the real market value of the property would pay off in the long run, and this should be done with professional help. A qualified appraiser should be called in to assist in a commercial appraisal. It would be a wise decision to make a small investment in a professional appraisal. Unless you study real estate values on a day-to-day basis, as a professional appraiser does, it’s difficult for you to get a handle on real estate values.
The present market situation is seeing more and more homeowners selling off their homes FSBO (For Sale By Owner) without the intervention of a real estate agent to escape the noose of a potential “hefty” commission to (industry average is 5-7% of the home’s selling price) the agent. Not having to deal with a “middle man” also puts the seller all in control of his property which he feels he best knows.
An independent commercial appraisal is vital for an FSBO home sale
- As mentioned in one of the above paragraphs, it is difficult to cast aside emotions from the sale of your home. A real estate appraisal companies will be objective in determining the actual value of your property and let you in on some harsh facts, however tough it may be to stomach. He will tell it to you like it is. And all there is to know before giving away your valuable personal possession.
- If you have engaged a real estate agent to get your property listed, it is more than likely he will provide you with a Comparative Market Analysis that will put down the selected sales in your area to help you set the “Listing price.” Even with the most experienced real estate agent, it is best to get an objective pre-listing appraisal from an independent appraiser
- A professional appraisal also works to help you negotiate better with an interested buyer, provides you with written info about your home’s inside and outside condition to impress buyers, and serves as a warning to problems that might affect a closing among other benefits
In conclusion, a pleasant surprise may be on its way if you discover that the market value of your property is much more than you ever thought possible – thanks to the outcome of a professional appraisal. And for those with an inflated mind, an assessment will bring them to realize the right price they should be seeking.