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The 2nd sheet to give an appraiser

By
Real Estate Broker/Owner with Colorado Real Estate Advisers LLC CO ER100025633

Most of us provide a list of comps for appraisers.

But I use a second sheet that can be worth thousands of dollars in increased appraisal.

In a recent example I listed a house right behind a house with the identical floor plan and square footage which frankly looked better than my listing and was listed for $20,000 below what my listing needed to be listed at.

 

Here was my 2nd sheet for this listing:

 

Many of the recent sales of houses with 3 car garages in Pine Creek have had one or more deficiencies that have effected their days on market and / or sales price per square foot. The subject property is the only property to have all of the following positive features without any of the negative features.

 

Permitted basement finish.

Main level study / office.

Heated master bathroom tile floor.

Surround sound and wet bar in the basement.

6 bedrooms – 4 bath.

Separate dining room.

Extensive hardwood floors.

Slab granite counter top in kitchen & island.

5 piece master bathroom with slab granite counter top and plantation shutters.

Permitted air conditioning.

All 3 bay window / door options.

Large back yard.

41 x 10 stamped concrete patio.

Pikes Peak views.

East facing driveway for the quickest snow melt.

A block from the park & splash park.

Just 3 doors down from the bus stop.

Walking & biking trails just a few doors down in each direction.

 

The appraiser would not have taken the time to check all the comps for each of these individual items. But by spelling them out on a 2nd sheet, we made it easy to demonstrate why this listing was worth the asking price.

 

And yes, we got the appraised value we needed.

 

Posted by

David Gibson, 

Certified Negotiation Expert (CNE)

Broker / Owner Colorado Real Estate Advisers LLC

Independent Real Estate Broker

Colorado (License # ER100025633) and Texas (License # TX 499067)

Email: broker719@gmail.com

Phone: 719-304-4684

3326 Sand Flower Dr, Colorado Springs, CO 80920

I help my clients buy "A Better House at Lower Cost."

 

Sellers ~ I offer staging, professional photography, drone photography and videos. I'd like to send you a link to our listings so you get an idea how great your house can look.

 

Call or text me at 719-304-4684, or email me at broker719@gmail.com for more house choices and better deals.

Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

David - It is always good to be able to point out the difference in you listing to an appraiser. The more info you can provide them, the more accurate the appraisal should be.

Aug 23, 2015 07:39 AM