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When should you consult an appraiser?
We Realtors are trained to tell our seller clients what a good market price is for their property. In most cases, however, we are not licensed appraisers. But, what if the property is unusual and there are no comparables or not many comparables for it? Or what if it has attributes which may or may not affect market value? Also, there may be things that effect mrket value, but not neccesarily appraised value. Itmes such as colors that are not preferred or flooring/countertops that are not desirable to most people will effect market value. That is where your Realtor comes in to make suggestions based on decor. Now, back to appraisals: What if your home is "Different" from the ones around it that have sold. I've been told by several appraisers that it is acceptable to go outside of the subject neighborhood for comps if there are not sufficient comps in the immediate area. What if you have a 3 cara garage, but all of your neighbors have 2 car garages? What if you have a backyard pool and the neighbros don't? In some neighborhoods backyard pools are considered a liability. In others, its an asset. I recently listed a home ... more

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