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4 Reasons To Consider A Full Property Appraisal
A full property appraisal may cost you anywhere from $250 up. It depends on the charging methods the
property appraiser uses. Depending on where you live, the fee could be based on the property value, or
perhaps the complexity of the particular appraisal.
A full property appraisal will involve a Certified Real Estate Appraiser visiting your property for an
inspection. He or she will take photos, measurements and prepare a full report including market
comparisons.
Property Appraisal Reason #1
Buyer’s are suspicious of price and will probably believe that your price is grossly inflated. A formal
written property appraisal could put a stop to any argument. A written property appraisal is irrefutable
evidence that the price was arrived at in a scientific way, rather than just by “pulling figures out of the
air.” It will include photos, measurements and details of comparable sales. It is a professionally prepared
document that you can show to any prospective buyer.
A property appraisal is, in my opinion, the best way for a motivated serious seller to determine the most
profitable asking price.
Property Appraisal Reason #2
Having a full written property appraisal can put everyone’s minds at ease. The buyer will feel assured
that he or she is not being taken advantage of. No one likes to get “ripped off.” Having a property
appraisal may “fast track” the negotiations, as your buyer may have more confidence in finalizing the
deal.
Property Appraisal Reason #3
A written property appraisal my help the buyer borrow the required funds to buy the property. Lenders
always want “hard” evidence before they are willing to risk their money in property deals.
Property Appraisal Reason #4
A written property appraisal might prove to be good ammunition to fire back at “bargain hunters” who will
try to pressure you into selling your property at a “giveaway” price. A written property appraisal is hard to
argue against.
© Noel Peebles, Market Leaders ebooks.
23 Buyer Turn-Offs When Selling Your Home