New Jersey Appraisal Blog

Often homeowners ask why should I get an appraisal if I am selling my home?  A listing appraisal is an invaluable tool whenever you are making a decision concerning the purchase, sale or financing of any piece of real estate. Having a licensed real estate appraiser perform an appraisal on your house will ultimately inform you with the value of your property and the current market conditions in your market area. Once you know what the market value of your property is you can confidently decide on a realistic and competitive listing price. The advantages of a listing appraisal include; to have a confident understanding of what your home is worth, a shorter marketing time (which could save you thousands), the value which a bank is willing to lend a potential buyer off of, what comparable properties are listed for in your neighborhood, what comparable properties are selling for now, and how long they are on the market for. All of these factors are important to consider when selling your home. Many homeowners are encouraged by real estate agents to list their home at prices which is way above what the property would be appraised for. This usually results in a long marketing time and stress about whether a buyer can even obtain financing. A listing appraisal will eliminate these potential problems because you know the value of your home in advanced and are able to act accordingly. Know where you stand with a True Value Real Estate Appraisal.