Seller's Knowledge Base
Selecting a REALTOR®
To appraise real estate is to estimate its value - most typically, its market value, or most likely sale price. Appraisals are concerned with value (an estimate of benefits for owning a property) and price (the actual amount of money a buyer pays for a property).
When a seller puts a property up for sale, prospective buyers (and the lenders who hold or insure their mortgages) have reason to expect that the property is worth what the seller is asking them to pay for it. An appraisal for less than the sale price can complicate, or completely block, your home's sale.
Most likely, your property will be appraised through the buyer's lender, once you have accepted an offer. RE/MAX Allegiance agents can provide a list of "comparables" to the appraiser, offering factual evidence of the active listings, sold and expired prices of similar properties in your neighborhood. This documentation should support your home's pricing structure, and aid the appraiser in arriving at a fair market value. It will complement the appraiser's direct inspection of your home, its improvements and condition.
Speak with your RE/MAX Allegiance agent for a more comprehensive overview. We think you'll agree that appropriate pricing is one of the most significant aspects of your home's eventual sale.