Home Seller Appraisal Services

If you are planning on selling your home, a professional appraisal is one of the best investments you can make. The appraisal will let you know how much your home is worth and can potentially save you from losing money by undervaluing property or by setting the price too high therefore delaying or preventing its sale.

For Sale By Owner

If you plan on selling your house on your own, the easiest way to establish the property’s value is to have a professional appraisal completed.

At Horizyn Appraisal Group, our appraisers will provide you with different options on the type of appraisal report available in order to estimate the value of your property. Factors such as condition, proximity to schools and services and overall neighborhood values all will be taken into account.

When it comes to determining the value of your home, there are three general approaches: the cost (or replacement) approach, the comparison approach and the income approach.

In the cost/replacement approach, a determination is made as to what the cost would be to replace (rebuild) your home in today’s market. In the comparison approach, the appraiser determines what comparable properties have sold for in the last month up to one year. This approach directly compares your house to other properties, adding value for special items that your house has, or deducting value for items that your house lacks (in relation to the comparables). Unless your property is commercial or a rental property, the income approach will not apply.

Setting the Price on Your Home

Along with location and condition, the price of a house is a major reason why property can remain on the market and not sell quickly. Although the price is one of the most important factors, some sellers have a tendency to emphasize price too much.  They may end up ignoring the home’s condition and ending up with a house that is overpriced for its current condition and the overall market.

There may be sellers who finds an unaware buyers that are willing to pay the high price, however, when the buyer applies for a mortgage, the banks will have an appraisal completed in order to substantiate the price of the home.  If the appraisal comes in lower, the lender’s may not approve the financing, therefore potentially forcing the price back down to market value.

It’s Important to Get the Price Right the First Time

Our appraisers specialize in providing high quality appraisals that will allow you to set an accurate sell price for your home.