Your agent can certainly give you a reasonable assessment of your home's market value.
Keller Williams Realty
Real Estate Consultant
3xUS Army Veteran
You can pay for an FHA appraisal but it won't stick to the property unless a lender ordered that appraisal using a case number. So, it would be a waste.
A Realtor can give you a cheaper evaluation and explain to you that the final sale price will be in a range. A lot of people think the appraiser's number is the only answer. Think of it as a point on a curve, the curve being like a distribution of student test results. If you could wait for several months for all the possible buyers to show up and make an offer, their offers would be distributed like the students' test grades.
The middle of the curve might be $1,000,000 for example, and the bulk of the curve between $1.2 M and $850k. Does that mean nobody will score outside $1.2 M? No. A rare occurrence might bring a buyer from Shanghai who simply must have that house at any price.
So, the appraiser might give you a point on the curve near its peak (the mode of the curve) or she might give you one well below that (because the appraiser doesn't want to have any blowback in case of loan default) or he might give you one near the maximum price, which is the old approved methodology from USPAP.
All this is to say, you would be better served by asking a Realtor experienced in the business what it should sell for and what to price it for. They're not the same thing.
Do they have an awesome website that gets hundred of hits per day for maximum exposure or just listing on the MLS and hoping for the best? Choose wisely.
All the best
Warren Barreto, Realtor, SFR
Dallas Luxury Realty
We would love to recomend an appraiser and inspection before listing a home. We specialize in listings and that is exactly what we do. That is a main reason why our listings sell for a top dollar and our homes have very clean inspection reports when buyer's agent presents an offer. Do not hesitate to call us for their contact info
Great question. You can pay for this and we have appraisers we can recommend, but most people do not do this. This might cost you about $400 or so.
Another appraisal will have to be done by the buyer's lender if they plan to get a loan and the buyer will pay for that.
Most just have a realtor come over and do what we call a CMA or Competitive Market Analysis to give you an idea of the value.
So if you really need or want an appraisal for some reason, we have several we can recommend to you. If you just want to talk to a realtor for free, we can do that too.
I have a trusted team of professionals that can assist, please contact me TODAY at 214-872-0400 so we can further discuss your real estate desires.
The housing market is HOT and we need more listings, because most homes are selling FAST!
Providing Solutions Because...Your Move Matters!
Michael L. Brownstead, GRI, ABR
Keller Williams Realty
1002 Raintree Cir., Ste. 100
Allen, TX 75013