If you are going to sell your home, you would be wise to invest in a professional appraisal. Professional appraisals do not cost money, they pay in the long run!
Many people are surprised when they find out that the market value of their home is much more than they thought. Others have an inflated opinion of their home’s value and an appraisal helped them to realistically price their home in order for it to sell. An overpriced home will not attract buyers, which means no offers, no closing and wasted time, money and efforts.
In addition, an appraisal will help you by pointing out needed repairs and visible deficiencies in the property which will allow you to correct these items before placing it on the market. It’s hard to be objective about your own home because of your emotional attachment. A professional appraisal is an objective opinion and will tell you what you need to know, not just what you want to hear.
In addition to helping you set a realistic selling price so your home will attract buyers, a professional appraisal is also valuable as a negotiating tool once you have a potential buyer. It gives you something concrete to show your buyer and is an independent third party’s statement of your home’s value.