I Apppraise
Home Appraisal

Should I Have My Home Appraised Before Selling It?

September 21, 2010

This is a common question for people who are looking to sell their current home. There are a few positives and negatives associated with the appraisal of your home, but generally speaking, the advantages of getting your place appraised will far outweigh any potential negatives. We will list some of them here.

  1. When you get your home appraised, you are getting as close to the market value of the property as possible. Don’t let your buyers tell you how much your property is worth. If you do, you might end up losing out on tens of thousands of dollars. Compare those two prices. The cost of home appraisal is in the $300 to $400 range. Would you pay that much money in order to potentially save yourself a few thousand dollars?
     
  2. Getting your home appraised can help to remove some of the uncertainty that goes with selling a home. When you hire a real estate agent, part of what you are paying for is the legitimate image that makes people believe you are not trying to scam them. The same goes for getting your home appraised. Now that you know the official price, you can tell your potential buyers and it will make the buying process much more comfortable for them.
     
  3. When you know the market value of your home, you get the peace of mind of having much less uncertainty with regard to the price you are offering. Nobody wants to spend their lives worrying about every little detail and whether one is being accurate or not. You can cut out at least one unknown in your life by getting your home appraised. It might be small, but the small things can add up to much bigger problems.

Seen this way, it is always a good idea to get your home appraised before selling it. You don’t have the time or desire to worry about the value of your home. It is much better if you hire a specialist who is trained in determining the market value of your home for you. They will be much more efficient and will do a better job than the ordinary person who does not spend all of his or her time studying the market value of homes.

Hiring a professional home appraiser is no different from hiring a doctor to check out any health problems you may face. Doctors go through ten years of school to know what they know. They can solve problems that you either don’t understand or don’t have the time or money to try to understand. They have tools available to them that make them extremely efficient at diagnosing and treating your health issues. You wouldn’t try to take your health into your own hands because you will make mistakes and you won’t be nearly as efficient. The same goes for estimating the value of your home. Leave that to the experts so you can save a bundle of time and money.

 

Peiman is a Realtor in the Toronto Area. You can find all the information you will need to purchase or sell a home at http://www.peimanb.com

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