Ignite FB Tracking PixelHow to Approach a Home Appraisal - Paul Bull

How to Approach a Home Appraisal

by Paul Bull 09/28/2018

If you want to maximize your home sale profits, it generally is a good idea to conduct a property appraisal before you list your residence. That way, you can receive a property valuation from an expert home appraiser. And with this property valuation in hand, you can set a competitive initial asking price for your residence.

A home appraisal may prove to be a stressful experience, particularly for a seller who is unsure about the value of his or her house. Lucky for you, we're here to provide insights into the home appraisal process and ensure that you can prepare for this evaluation.

Now, let's take a look at three tips to help you approach a house appraisal with confidence.

1. Understand How a Home Appraisal Works

Although you've allocated significant time and resources to upgrade your house, it is important to remember that the condition of your residence is one of several factors that a home appraiser considers. In fact, an appraiser will evaluate the current state of the housing market, the prices of comparable houses in your area and other factors to provide an accurate property valuation.

Oftentimes, it helps to work with a real estate agent if you plan to sell your home. Because if you have a real estate agent at your side, you can receive immediate responses to any of your home appraisal concerns and questions.

2. Establish Realistic Expectations for Your Home

Let's face it – what you initially paid for your house is unlikely to match your residence's current value. If you set realistic expectations for your residence prior to an appraisal, you may be better equipped than ever before to accept the evaluation results.

It may be beneficial to look at the prices of houses in your area prior to an appraisal. This information can help you understand whether the housing market currently favors buyers or sellers – a factor that may influence the valuation of your house from an appraisal.

3. Explore Ways to Boost Your Home's Value

There are always options to bolster a house's exterior and interior. Therefore, following an appraisal, you should plan to complete home repairs that could help enhance your house's value.

As you search for ways to upgrade your residence, you may want to reach out to a real estate agent too. This housing market professional can offer recommendations and tips to help you improve your residence, even if you're working on a tight budget.

Of course, a real estate agent provides extensive assistance throughout the home selling journey. He or she will promote your residence to prospective buyers and host home showings and open house events. And if you receive an offer to purchase your house, a real estate agent will help you determine the best course of action.

Ready to conduct a home appraisal? Take advantage of the aforementioned tips, and you can boost the likelihood of a successful house appraisal that leads to a fast, profitable home selling experience.

About the Author

Author
Paul Bull

I was born, raised, educated and have work in the Treasure Valley my entire life. My family has been in the Real Estate business here for nearly 50 years. I make it a point to stay very familiar with real estate and property in all of the valley, as well as the back country and mountain areas. My special points of expertise are in Residential, Investments & Rental Properties, along with Farms and Land. With over 35 continuous years of sales experience, I have the tools to help you either sell your current real estate or purchase something new. My number one concern is your satisfaction and happiness with your entire real estate experience. 

I am married to Diane, who is also a born and bred local, and we have four children: Hailey, Logan, Mason and Ryker, ranging in age from 15 to 25…..so I know the challenges of busy schedules that surround all of us. You could be a young family looking for the first time for that perfect starter home, a more experienced person who has bought and sold many properties, or a new or experienced investor, all of your time is important. I respect that! My job is to get your home, investment, farm or land sold, or to find you your dream to purchase, do it in a timely manner, keep in close communications with you throughout the process and make it an enjoyable experience. 

The majority of my business comes from referrals and repeat clients. But I love meeting new people too! I can help you find the perfect community or neighborhood as well as give you great advice on local activities, places to see and things to do. 

Call me for any of your real estate needs in Boise, Nampa, Caldwell or any of the surrounding areas. 

The Realtor you can trust and count on! Let me get the job done for you!