Since the start of Covid-19, the number of first-time homebuyers jumped by 14%. Combined with a low inventory of homes available, this has created a seller’s market that’s led to homes selling for thousands of dollars over their asking price.
With homes selling for huge profits, it’s vital to get an accurate property valuation. A professional home appraiser will evaluate similar homes in your area, look at your property, and determine the fair market value for your home.
An evaluation gives you the information you need to price your home in what realtors call the “sweet spot.” You’ll know what price will attract attention to your listing while still making a healthy profit.
How can you find the right appraiser for your situation? Read on to learn more!
Find a Licensed Home Appraisal Company
One of the most important steps is to verify the license of an appraiser. States have different rules of conduct that professionals must follow.
An appraiser that holds these licenses must undergo training and testing to prove that they know how to accurately appraise homes. Most states have websites where you can confirm the licensing of contractors and appraisers. Make sure you ask for their license number and do a quick online search.
If a business refuses to give you their number or tries to delay getting it to you, you’re better off going somewhere else.
Check Out Reviews
When preparing for a home appraisal, check online reviews of any company you’re thinking about hiring.
Was the appraiser professional? Did they answer every question the client had? Were they able to handle everything promptly?
Companies like SDI Appraisal will often have a reviews section on their website, but these are often filtered so that only good ones show up.
Go to the Better Business Bureau and see how many complaints a business has and their BBB Rating. If a company has an A or A+, it means they’re registered with the organization and frequently respond to complaints.
You can also check Google reviews and other sites such as Yelp. Don’t let one bad review persuade you. Look for patterns to see if there’s an issue that multiple people faced.
If Possible, Find Someone Close to Your Home
If you live in a large city, you know that home values can change from one street to the next. A 3BR home in West Los Angeles could fetch hundreds of thousands more than a similar home just five miles away.
Try to find a home appraiser that’s in your neighborhood, or at the very least someone who has experience in your area. In a small town, this won’t matter as much.
Hire a Home Appraiser For Peace of Mind Today!
If you want to get the most out of your home when you sell, it’s important to get an accurate appraisal. Hiring the right home appraiser might seem like an unnecessary cost, but you’ll make more money with the insight they bring.
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