Pre-Sale Appraisals in St. Petersburg
If you’re working with a real estate agent to list your property, more than likely they will provide you with a Comparative Market Analysis (CMA) that lists selected sales in your area as one of the first steps in determining what to set as the listing price. This step is vital if you're going to maximize your profit and minimize the home’s time on the market.
However, even if you're working with the most experienced real estate agent, it is in your best interest to have an objective third-party opinion of value prior to signing a listing agreement. A pre-listing appraisal provides both you and your agent with an accurate description of your home's features and a detailed analysis of the most recent and similar comparable sales. In addition to helping you set a realistic selling price so your home will attract buyers, a professional appraisal can:
- Be a very valuable negotiating tool once you have a potential buyer
- Impress buyer’s with written proof of your home’s condition inside and out
- Make yourself aware of problems and eliminate last-minute repair hassles that might delay a closing
- Decrease the chances of unknown problems that cause sales to fall through
Many people are surprised when they find out that the market value of their home is much more than they thought, so investing in a professional appraisal often allows people to receive several thousand more dollars than they thought they would when their home was sold. Others have an inflated opinion of their home's value and an appraisal helped them to realistically price their home in order for it to sell. An overpriced home will not attract buyers. This means no offers, no closing and that you have wasted valuable time, money, and efforts.