Any home that’s on the market will be appraised by
a real estate appraiser. As long as there’s a third party lender involved in
the transaction, an appraisal is inevitable. This is because an appraiser
determines the real value of the property for sale. You can get lucky if you’re
appraiser puts your property at a high value, since you can sell it for a
higher price too.
However, an appraiser can also pull down the value
of your property. This is why it is important to know what a real estate
appraiser looks at and prepare your property for it. The appraiser will base
his calculations on the market as well as what he can assess from your home. He
or she will make a detailed report about it so you need to be prepared. Here’s
what you should focus on:
·
Property Exterior- The appraiser will look for
damages in construction and components. A single problem on the foundation or
the roof can easily bring down the value of your property for sale. Always keep
in mind that the appraiser will provide the information to the lender and if
the lender doesn’t like the property, there will be no equity for the buyer.
· Size- The bigger the property and the home, the
better it is when appraised. The more bedrooms and bathrooms there are, the
higher the value of the home will be. Square footage of a home is a huge factor
in coming up with the appraisal value for the property for sale.
· Interiors- You have to make sure that every part
of your home is in good condition including the plumbing, the electrical
system, windows, doors, floors and walls. The appraiser will even look at your
appliances as well as light fixtures.
· Home improvements- A real estate appraiser will
give you plus points for home improvements. This is because buyers and lenders
like quality renovations that increase the property’s value. Kitchen and
bathroom renovations are on top of the list.
· Other things- The appraiser will also look into
the other things inside your home, things that make the property extra special.
If you have a swimming pool, that adds value to the property for sale. That
goes the same with backyards, patios and gardens.
Every little part of your home and property will
come into play when a real estate appraiser visits your home. To put it simply,
show the appraiser that your home is valuable and worth the equity. When the
appraiser sees it, the lender won’t hesitate giving the cash.
Tam Bay Realty LLC
1408 N West Shore Blvd Suite 1000 Tampa, FL 33607
(813) 908-0706
http://www.businesslocallistings.com
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