Don’t Fear The Reaper: Getting Your Home Appraised

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A professional appraisal is a necessity if you want to know the exact value of your home. Most sellers get the help of a professional home appraiser. Here are some tips on how to get your home appraised for the value that you want.

Looking for a professional appraisal

You can look for professional appraisers, and there are a lot of options online. However, it is best to work with a local appraiser who knows your home, your area, and the other homes in your area. Most appraisers can compare your home with other homes and base the appraisal on these comparisons. Appraisers also need to be province licensed, and has to be certified.

Preparing for an appraisal

Before the appraiser arrives, there are some things that you need to prepare. These include a plot plan or survey of the house, information on the latest purchase of the property in the last three years, list of personal property that will be included in the home, as well as title policy that describes encroachment or easements. You also need to include home inspection reports as well as a list of improvements recently done on the house.

What the appraisal involves

The appraisal report includes details about the house, about the neighborhood, an evaluation of the real estate market, problems with the property and the expected time that it will take to sell the property. Your appraiser will compare your home with similar homes in the neighborhood that have been sold. However, your appraiser will also consider other factors like the current real estate market conditions in determining how long before you find a buyer. Your lender will give you a copy of the appraisal since this is required by law.

May 22, 2016 |

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