More Home Sellers Would Like A Home Seller's Appraisal Report, Today!

Real Estate Appraiser with Residential Services:

In the past years home sellers appraisal reports were not commonplace. Average sellers would rarely want a professional opinion of value before listing their home. CMA's from a REALTOR were helpful in determining a list price, however sellers could be flexible on their pricing due to the rising real estate prices at the time. The typical seller was very happy to take appreciation from their home. Sale prices for much higher than than two or three years previously expected. Just a couple of years ago, it was hard to find anybody unhappy with their transaction.

As of more recent times we have home sellers who really believe their home is worth more than they are asked to sell for. Home sellers appear much more willing to accept their suggested listing prices, after an independant and well prepared home seller's appraisal report. If the opinion of value is written clearly and the report has good information the homeowner is usually very receptive to the report. The valuation from a third party is helpful to the REALTOR as this often eases market concerns of the seller.

As many REALTORS how dread the appraisal process due to reform with recent mortgage reform. (This is often referred to as HVCC hysteria!) Some are now finding it helpful to have another appraisal in their file. Many now find the home seller's appraisal report to be a good investment. Homeowners, after being referred, are finding the services of an appraiser very helpful.



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John Fariss
Fariss Appraisal Services - Bakersfield, CA
Appraiser - Bakersfield, CA

It's a great way to see how an appraiser will view the home in comparison to the market, and will give the sellers and their agent a good idea on how the "official" appraisal might turn out. If the market is sluggish and has long marketing times, the seller's appraisal report could be slightly off mark, but it should still provide excellent guidance.

Aug 11, 2009 03:11 AM #1
Rita Bradley
Laguna Hills, CA
Valuation Consultant in Orange County California 949-916-3263

It's a smart move for sellers to get an appraisal to help set the sales price.  It may save the seller thousands.

Aug 13, 2009 03:31 AM #2
Ana Hitzel
AccentPositives Home Staging - Corona, CA
Professional Home Stager Inland Empire

Its a great idea.  I deal with many FSBO clients and during my consultations I have asked if the home has been recently appraised.  Makes sense to be prepared....and of course to Stage!

Aug 23, 2009 03:45 AM #3
James Graner
Residential Services: - Saint Charles, MO

Thank You for the kind words on this blog! I believe in this market an opinion of value from a trained  independant party is more important than ever.

Aug 26, 2009 09:28 AM #4
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