If you are planning to sell your home in Broward County, FL,Â chances are your buyers â€“ and possibly their lender â€“ will want an appraisal conducted to verify the value of the home.Â However, appraisals can be a tricky matter.Â In fact, bad appraisals were the number one reason that 33 percent of pending transactions didnâ€™t close in January.
If the sale of your home in contingent on an appraisal, here are some valuable tips to ensure your property gets an accurate assessment:
This is extremely important, yet often forgotten because most sellers simply donâ€™t think about it.Â Â Itâ€™s not uncommon for a tax record to have inaccurate information, either because youâ€™ve added onto the home since the last assessment, or because there is a mistake that has been overlooked for years.Â Either way, check the tax record (aka public record) ahead of time to make sure it has the correct square footage, number of baths (full and half), number of bedrooms, amount of finished versus unfinished space, lot size, etc.Â If there is a mistake, correct it immediately.Â If you canâ€™t correct it in time, bring it to the attention of the appraiser.Â Having your appraiser work from an erroneous tax record will completely counter your other efforts.
2.Â Â Â Â Â Â Comps
â€œCompsâ€ are properties that are comparable to yours in size, age, location, condition, number of bedrooms, number of bathrooms, style, etc.Â Donâ€™t feel that you are the mercy of the appraiser when it comes to determining the value of your Broward County, FL home.Â After all, an appraisal is a professional opinion of what a property is worth.
â€œYou canâ€™t rely on them [appraiser] wholeheartedly,â€ says real estate expert,Â Jim Lumley of Amherst, Mass. â€œWhile some are trained, highly skilled/competent and know the market, others are not. Â That leaves plenty of room for error. They may even be looking at comps in the wrong ZIP code.Â A three-bedroom home that is similar to yours, but in the next town over, could have had an entirely different pricing structure.â€
3.Â Â Â Â Â Â Upgrades and Updates
If you have made several improvements to your Broward County home, prepare a list ahead of time for the appraiser.Â Believe it or not, they will appreciate this.
â€œMake a list of all the home improvements youâ€™ve made over the years â€“ as well as the costs â€” and donâ€™t be shy about providing the appraiser with this list,â€ says Paradise-California based appraiser, Doreen Zimmerman, author of Challenge Your Home Appraisal. â€œWe welcome the input.â€Â
Make sure that you treat your appraiser with respect and provide them with factual documentation, not opinions or feelings.Â Keep your emotions out of the equation, and treat the transaction as objectively as possible.
If you are searching for an experiencedÂ Realtor in Broward County, FL to list your home for sale, contactÂ Loriann Harrison.Â She is a trusted resource with the answers to your home selling questions.Â Her experience sellingÂ SW Broward County, FL real estateÂ gives her the ability to prepare successful and customized marketing strategies.Â She also has unparalleled negotiating skills to offer you support to the closing table and beyond.