Appraisals Help Price Homes Objectively

Home Sale Appraisal

Every step in the process of selling a home in North Texas is equally important, but sometimes price dominates. Home buyers want to get the most house for their money, while sellers want maximum return on their property investment. Shelley Green recommends that you determine the best possible selling price for your house from the outset. Real estate advisors with The Green Team provide information about comparable homes and real estate trends across our region, but if the home owner feels uncertain or unable to be objective, you may consider getting a professional appraisal.

Most real estate appraisals cost a couple hundred dollars, which can be well worth the expense when compared to today’s cost of replacing faulty systems or repairing structural problems in the home. Your real estate agent can help you find a qualified, professional home inspector to do the appraisal.

By obtaining an objective appraisal of your home’s worth, you are able to set a more accurate sales price that will generate more activity from other Realtors and home buyers. An appraisal can help you avoid the trap of setting the initial price too high. Studies show that homes priced higher than 3 percent of their market value take longer to sell. If your home sits on the market for too long, potential buyers may think there is something wrong with the property. Often, when this happens, the seller has to drop the price below market value to compete with newer, reasonably priced listings.
An appraisal of your home for sale may include inspecting:

  • foundation
  • roof
  • attic
  • walls
  • floors
  • ceilings
  • siding and trim
  • doors and windows
  • visible electrical
  • plumbing
  • heating and air conditioning systems
  • mechanical operating systems
  • safety issues inside and out

Completing a home appraisal also may act as a marketing tool during the sale, demonstrating your willingness to work with a prospective buyer and offer full disclosure about the condition of the property. By giving a buyer peace of mind with a comprehensive appraisal, you may help shorten the time your home stays on the market. It also alerts you to any problems or repairs that need to be dealt with before putting the property on the market.

Talk to your knowledgeable agent at Shelley Green real estate to find out how we can help successfully price, prepare, marketing and sell your home in Tarrant County, Johnson County and beyond. Call The Green Team at 817-988-8664 or contact Shelley Green online at your convenience.