Pre-Listing & FSBO Appraisals
Today’s market can be challenging. Whether you’re a homeowner selling your property on your own or a seasoned realtor trying to establish a fair list price, it’s often difficult to sift through all of the market data to determine a true value for the home. So it’s common for homeowners and realtors to rely on appraisers for assistance when establishing a list price for the sale of their home. TruValue Real Estate Services has a long history of working with homeowners trying to list their property For Sale By Owner (FSBO) as well as realtors who need additional support for their own listings.
At TruValue Real Estate Services we can provide you with a professional 3rd party appraisal, which is far more accurate and comprehensive than a realtor-based Comparative Market Analysis (CMA). A pre-listing appraisal ensures both you and your agent have an accurate description of your home’s features and a detailed analysis of the most recent and comparable sales.
In addition to helping you set a realistic selling price so your home will attract buyers, a professional appraisal:
- Provides an effective tool for negotiating with potential buyers and their agents.
- Helps instill confidence in potential buyers since you have written proof of your home’s value.
- Highlights upfront any obvious repair problems which helps eliminate last minute repair hassles that could delay closing.
- Decreases the chances of sales falling through due to unforeseen problems.
- Identifies issues with the home that could eliminate potential buyers who are financing under more stringent FHA criteria and home-buying guidelines.
Keep in mind that overpriced homes will attract far fewer buyers, which means fewer and possibly no offers, wasting valuable time, money, and efforts, while an underpriced home can result in a lower selling price and you leaving substantial money on the table.
Getting a pre-listing appraisal will provide you and/or your realtor a solid marketing plan and help determine a true list price for your home as well as maximize your chances of selling quickly for top dollar. In addition, we can help you determine what, if any improvements would be most cost effective in creating additional value to your home.
Whether you are a homeowner selling your own home (FSBO) or a realtor representing your seller, a pre-listing appraisal just makes sense under our current housing market conditions. With a significant number of investors buying and rehabilitating distressed homes and re-listing these properties for sale within the traditional sellers market, the ability to accurately list and sell your property becomes a much more critical process.
Since these distressed properties were purchased well below traditional market price, most investors will list their rehabbed properties at or slightly below traditional market price to achieve a quicker sale and maximize their profit before moving on to the next rehabilitation project. Investors cannot afford to have their rehabbed properties sitting on the market for an extended length of time, and so they are typically willing to list and sell below traditional market prices.
To remain competitive, traditional sellers and/or their agents need to understand the investor market segment within their own neighborhoods. It is critical to know how these completely remodeled and rehabbed properties can impact your ability to sell your home in a timely manner while obtaining the maximum selling price. A TruValue Real Estate Services pre-listing appraisal analyzes the investor market segment as part of the appraisal process. We can help you determine a listing price that will be competitive in your market area, and give you the best chance to sell your home for top dollar and in a timely manner.
So whether you are a real estate agent representing your seller, or you are selling your home FSBO, give us a call at 561-568-5515 and we will be happy to discuss your marketing plan, project requirements, and schedule your home appraisal!
When you order an appraisal report from us, you can expect. . . .
- Prompt response to your initial inquiry: We will give you personalized information for your particular appraisal need. Just tell us your situation and we will make suggestions. Do you want to sell your home quickly or for the highest value?
- Quick turnaround time: Typically 2-3 days from the date the request is received. If you've chosen to receive a copy of your appraisal or consulting report via the Internet (EDI), you'll receive it within MINUTES of its completion.
- Appraisal and consulting reports formats to suit YOUR needs: When it comes to appraisal and consulting, "One size does NOT fit all!" We offer a variety of report types and delivery methods. We can deliver your report attached to a standard email, or notify you of an Internet site to download your report, the MINUTE it's completed!
- Quick response to follow-up questions: Our reports are clearly written, understandable, and meet or exceed the Uniform Standards of Professional Practice that governs the appraisal practice. If you have any questions regarding your appraisal, after you've read the report, we encourage you to email or call us!