Skip to main content

Selling: Boost Your Appraisal Value

Low Appraisal Worries?                                                       

When you are selling your home, the winning bidder’s lender will have an appraisal done to make sure the house is worth as much as the loan.  If a home is deemed to be worth less than than the offer amount, the sale of your home would be in jeopardy.  The banks are loaning the money, so they want to be safe. 

Let’s take Albert the Appraiser for example…

He gets an email to go evaluate the value of the home you just put under contract after a massive bidding war.  To him, it’s one of three houses he is going to appraise today so he goes online to start finding similar properties for comparison.  There are 5 or 6 houses that have sold recently so he records the data on size, rooms and other amenities.  He reviews the pictures of each of the properties and picks out the ones he is going to drive by before or after seeing your home.  Going inside each of the comparable homes isn’t an option, so Albert has to do his best appraising with only a handful of pictures to consider about each house.  Limited information doesn’t inspire much confidence, so he has to be very safe with his appraisal amount.

Listing Pictures Are Ridiculously Good Looking.

If you have shopped for a home lately, you know that the pictures you see online of each house are not very accurate.  In person, it’s easy to see that certain pictures were taken from awkward angles to make the home look ahhh-mazing.  SO, how does this affect an appraiser? They see a bunch of snazzy pictures combined with a low sales price after many days on the market.  The pictures of the home seem to be pretty awesome, but the sales price seems a little low.  Wouldn’t that appraiser would be forced to think amazing homes sell for less in this area? And by comparison, this makes your home worth less money.

 
How do we protect our clients from this?

We bridge this gap by giving appraisers real, high-definition property videos.    That gives appraisers a way to “see inside” each home and deliver an accurate value of your home.  Each video we take shows the entire home from multiple vantage points, as we showcase the main areas of value.  Compared to pictures, our videos closely replicate the experience a person would have if they walked through each home.   Appraisers have a VERY TOUGH job as it is, so you can imagine how thankful each is when we help eliminate some of the guesswork out of determining value.  It’s a win for the appraiser and an even bigger win for our clients!

 
Our Clients Get More,
Because We Do More!

 

The next time you (or anyone you know) has to seek out an expert to help with the sale of their home, please interview us for the job.  We proudly do more, so each of our clients can get more.  And we would love the opportunity to serve you!

 

To read more about our home selling services, click here!

Comments

Post a Comment

Popular posts from this blog

One-Time Close Construction Loans with Super Small Down Payments!

Have you ever DREAMED of building a Custom Home but assumed it would require a large down payment? A Home Designed to Fit You & Your Budget...  Build Your Dream Home NOW! Finally regular buyers can get a truly custom home because of low down payment, one-time close construction loans!  Find that perfect piece of land in the perfect location, design your Custom Perfect home and then wrap it all into one easy loan product! For far too long, buyers with only 3-5% to put down have had to settle for pre-existing floor plans or homes.  Why compromise on the place where you spend so much of your life?  NOW you can design your new home exactly the way you want it... YOUR Style & Design with all the floor plan, layout, features and amenities that fit How You Do Life ! Your Own Custom Perfect Spaces! What will you put in YOUR Custom Home? Master retreats, kitchens straight out of Pinterest or HGTV! Guest houses for an aging parent . Separate spaces for
9 comments
Read more

BEFORE signing the lease, LOOK for these 5 Rental Home Red Flags

So exciting!  Saying goodbye to apartment living, and HELLO to space, privacy and the neighborhood lifestyle!  But in all the excitement of shopping for this new life, you might miss a few things that could be a constant annoyance for your entire lease term.     Here's a quick list of FIVE things to look out for... 1.  Will you be working with a Landlord or (faceless) Property Management Company? Unless you happen to get the PERFECT house to rent, things will go wrong or need to be repaired.  And when you need help, who are you going to call?  And how quickly are they going to fix things?   THIS is the difference between a landlord and a property management company (PMC).  Landlords are real people and PMC's are not.  It's awesome to have a relationship with the person that is going to "make everything better" when bad things happen.  Real people generally will take responsibility and unfortunately, most PMC's do not feel that same sense of care over you. They
Post a Comment
Read more

Crazy Like a Fox.... Buy Your Next Home BEFORE Selling?

Imagine a world where you purchase your next home, THEN get up to 6 months to sell your current one...   That's right! On this planet, there is no selling then buying stress.  You don't have to feverishly search for your next home AFTER accepting an offer on your current one.   Sounds rough?  Just ask anyone who has done it! Skeptical?  I would be too! If you never heard of this before, it's called a portfolio loan.  They come in many shapes & sizes, but this loan type allows a buyer to be payment free for up to 6 months on their next home .  It's only available through the normal Fannie Mae conventional loan (sorry, no FHA/VA or USDA) and is structured so payments on your next home start AFTER your sell your old home.  This gives our clients the ability to have their cake and eat it too!  Carefully choose your new home and complete the purchase process... Then take your time moving out and selling your existing home.  THIS is how you transition from one h
1 comment
Read more