Things to do before a home appraisal
When you’re ready to get your home on the market, you probably need to get it appraised. But before you get the ball rolling, it’s important to understand what to do before a home appraisal.
What does a home evaluation consist of?
Unlike a valuation carried out by a Certified Practicing Valuer, an appraisal is an in-depth estimate of the value of your property carried out by a qualified real estate agent.
The first step for the agent is to visit your home to assess the size, layout, number of rooms, quality of facilities, maintenance, etc. They can ask you a few questions about your home to make sure they have a complete picture.
Next, the realtor compares the valuation of your home to other similar properties in the area that have recently been sold. This helps in determining an accurate estimate that is representative of current market demand.
Not only the special features of your house are taken into account, but also the current market situation as well as the interest and feedback from buyers who are actively looking around the region.
The agent will then get back to you with the number they believe is correct based on all of the above contributors.
Checklist for preparing a home appraisal
Before you sign up to have your home appraised, it’s time to prepare. Here are some of the things to consider beforehand:
- Find a real estate professional you trust – Choosing an experienced real estate professional to complete your valuation is an important step. Not only do they have reliable market knowledge and connections with potential buyers, but they can also advise you on how to improve your property before it hits the market.
- Do any odd jobs that are still on your to-do list – If you were planning on mending a broken handle or two, replace a cracked tile or freshen it up with a coat of paint. Now is a good time like never before. Presenting your home in the best possible light can show that it is well maintained and ready to move into.
- Make a list of any renovations or updates you’ve made – There’s a good chance that you’ve done some repairs or upgrades to your property while you’ve owned it. In this case, it is worth having a list of these things on hand to show the agent when to take your review, but also when it is time to sell. Whether you’ve completely remodeled the kitchen, replaced the gutters, or rewired the entire house, the real estate agent and potential buyers will want to know.