Home Selling in 75208>Question Details

Mary Quirarte, Home Buyer in 75208

how do I go about finding someone to do a pre-appraisal before listing a house for sale?

Asked by Mary Quirarte, 75208 Fri Feb 8, 2013

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12
Save your money - appraisals are not written in stone, and the bank's appraiser (once a buyer comes along) may be different..making your appraisal irrelevant.

Your agent can certainly give you a reasonable assessment of your home's market value.
1 vote Thank Flag Link Fri Feb 8, 2013
Call a local realtor that knows your area to tell you what your house is worth
0 votes Thank Flag Link Thu Mar 7, 2013
Honestly unless your estate is considered a luxury house topping 700k + save yourself the money an experienced agent as myself will be able to give you an accurate depiction of your market value just as good as an appraiser would. This will help you save money. Typically an appraiser will run 400-500 bucks. Feel free to contact me for more information I would love to assist you.

Keller Williams Realty
Real Estate Consultant
3xUS Army Veteran
Joseph Fernandez
Cell: 817-975-7258
Off: 817-635-1028
Email: blissfulestates84@gmail.com
Blog: blissfulestates84.blogspot.com
0 votes Thank Flag Link Mon Feb 18, 2013
As usual, I like Bruce's answer, but I would emphasize that the appraised value from your pre-appraisal will not necessarily reflect what the house will sell for or what a lender's appraisal will show.

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.
Web Reference: http://www.SumnerRealty.com
0 votes Thank Flag Link Mon Feb 11, 2013
Any good Realtor will be able to provide recent comparable home sales.
0 votes Thank Flag Link Sat Feb 9, 2013
In my experience pre-appraisals almost never accomplish what sellers believe they will accomplish. A hired appraisal and a lender's appraisal are 2 different things. I have stopped supporting them for that reason and two others: an appraisal is a snapshot in time and fair market value fluctuates for a multitude of given reasons. Lenders appraisals can even fluctuate based on how much money a buyer is putting down, not supposed to, but they do. Just because someone has an appraisal in their hands does not mean that their property will sell for that price or higher. If market conditions are right, and the buyer for the property happens along or is found quickly then one would hope the appraisal number is fairly accurate, but too many factors affect fair market on a daily basis to make a third party appraisal much help in determining an asking price. You need a knowledgeable Realtor that works the market daily - appraisers don't.
0 votes Thank Flag Link Fri Feb 8, 2013
Excellent response.
Flag Mon Feb 18, 2013
A good Realtor will provide the comparable market analysis which is essentially the pre-appraisal, list your property in the MLS and assist with marketing of your home for sale with your desired goals in mind.

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
972-439-5419
warren@luxuryrealtytx.com
0 votes Thank Flag Link Fri Feb 8, 2013
Hi Mary,

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

Warm Regards,

Mila Yakhnis
469-324-6344
dallashomeexperts.net
0 votes Thank Flag Link Fri Feb 8, 2013
Mary,

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.
0 votes Thank Flag Link Fri Feb 8, 2013
Bruce Lynn, Real Estate Pro in Coppell, TX
MVP'08
Contact
Your Realtor helps you to find a sales price by looking at the comparable sales data.
0 votes Thank Flag Link Fri Feb 8, 2013
Hello Mary,

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!

http://mbrownstead.kwrealty.com/sell

Providing Solutions Because...Your Move Matters!


Michael L. Brownstead, GRI, ABR
REALTOR®
Keller Williams Realty
1002 Raintree Cir., Ste. 100
Allen, TX 75013
E-mail: MBrownstead@msn.com
Cell: 214-872-0400
0 votes Thank Flag Link Fri Feb 8, 2013
Just look in the phone book or yahoo it.

Kenny
Turtle Creek Realty
0 votes Thank Flag Link Fri Feb 8, 2013
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