Another key miminal investment a Seller can make prior to putting their home on the market is to have a professional appraisal. While some may argue that a competent real estate broker can use comparable properties that have recently sold to establish "market value", which they can, the reality is that unless you sell to a CASH Buyer, and the CASH Buyer waives their contractual right to an appraisal, an appraisal will come into play at some point in the transaction, and last we checked, lenders don't accept comparable properties provided by real estate brokers when approving the loan, they rely on an appraisal. Something to consider when selling your home.
Tony and Suzanne-The pre-listing appraisa is great tool, especially for a Seller that strongly differs from an agent's CMA.
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Tony and Suzanne Marri...
Scottsdale, AZ
Good morning Tony and Suzanne. Had one done for our home and had a full price offer before it was listed. Worked for me! Enjoy your day!
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Tony and Suzanne Marri...
Scottsdale, AZ
Wayne Johnson Thanks for stopping by and for the validation!
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Tony and Suzanne Marri...
Scottsdale, AZ
Wayne Martin Indeed it did work for you - congrats!
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Tony and Suzanne Marri...
Scottsdale, AZ
You said it well, Tony and Suzanne.
A "CMA" might fly for a cookie-cutter subdivision that has lots of recent sales... but for a unique property or a more complex situation, a pre-listing Appraisal is the way to go!
Fred Griffin You nailed it! While the majority of properties we deal with fall into the subdivision category - the unusual ones "demand" an appraisal!
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Fred Griffin Florida R...
Tallahassee, FL
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Enjoyed this post and want to read more - visit our website - HavenExpress.com - where all your questions about buying and selling residential real estate in Arizona are addressed!
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