Yes! A pre-listing appraisal gives you and your Real Estate Agent an unbiased opinion of value for your house. In fact, it can help adjust your expectations on how much your house is worth in today’s market while assisting in developing a pricing strategy for your house to sell.
It is common to get a contract on a house, have the buyers complete a home inspection, have the title work complete by the closing attorney, and finally the appraisal comes back with a value lower than the contract price. Unfortunately, a lot of deals fall apart because the buyer’s lender is unwilling to lend more than the appraised value and the seller may not want to reduce the purchase price to the appraised value. Therefore, a relatively small investment in a pre-listing appraisal can save you thousands of dollars, countless hours of time and hassle, and the uncomfortable surprises in value during the last stages of closing a deal.
Order a pre-listing appraisal, by contacting our preferred vendor below:
Note: The buyer’s lender will still order a separate appraisal to ensure the house appraises for the purchase price. The pre-listing appraisal is not a guarantee in value, it is a step to help minimize the gap in value that some deals experience.