Plant City Fair Home Appraisal Value TipsIf you are selling your home, taking out a second mortgage, home equity loan, or line of credit, you will have the home appraised. To get a fair appraisal, ready the home by cleaning it, making sure the yard is landscaped, and be prepared to meet the home appraiser during their visit.
Don’t let a bad appraisal mess up your deal. This might happen if the prospective buyer of your home is seeking a conforming loan backed by Fannie Mae or Freddie Mac. Some appraisers used for these loans have been hired on the cheap and may lack the education, experience and time to do a good job — basically, to verify that your home’s sale price is supported by its market value. A poorly done appraisal that says your home is worth less than it really is can stop a loan from being approved. —SourceThe most essential aspect of getting a fair home appraisal is to have it in its best condition. Clean the house inside and out. If the garage, attic, or basement is cluttered move the clutter to a storage unit or organize it. Clean the floors, all the windows and counters, bedroom and bathrooms and have it vacuumed and freshly mopped. Plant flowers around the walkway or arrange potted plants around it. Pick up and debris in the yard and have it mowed and trimmed.
Replace any broken doors, windows, or fixtures. The home should be in a sellable condition as if an open house were being held. If there are any broken appliances, replace them and inspect your home for any defects such as gouges or stains on the walls.
More Plant City Fair Home Appraisal Value TipsThese are crucial steps to get a fair home appraisal as the appraiser is a human being and though an experienced professional is influenced by the home’s overall condition. Here are two more ways to get a fair home appraisal:
- Walk through the house with the appraiser.. Be there during the home appraiser’s visit and join the appraiser as they walk through the home. Along the way, make sure to point out recent upgrades, such as new flooring or cabinets, new appliances, or major improvements such as a new roof, room addition, pool, et cetera. Keep in mind they have not been in your home before and don’t have a reference to compare it to before and after. In addition, you should have a list of these improvements along with the dates they occurred to give to the home appraiser when they are concluding their walk through of the house.
- Give the appraiser a list of comparables.. While home appraisers are aware of the market, they may not necessarily be familiar with your particular neighborhood. Have a list of comparable properties to give them. These properties ought to be similar to yours, having the same number of bathrooms and bedrooms, and roughly the same square footage. In addition, the list of comparable homes should have sold in the last three to six months. You can compile a list by visiting a home valuation site.