A seasoned, state certified residential real estate appraiser will discretely provide you and your client with an independent and completely unbiased estimate of the fair market value of any home or other real property. Your appraiser will guide you to a reasonable asking price and serious buyers will respond. It is imperative that the home is not overpriced when it first comes on the market.
There are several reasons for this. The first is obvious being if the price is too high, it may be outside the typical buyer's range in their prospective market and the house will languish on the market unsold until the price is reduced or the market rises to the level of that asking price. Another reason is less obvious. If the home is sold well above its supportable market value to an uninformed buyer, it may not appraise for the selling price and your potential buyer will have trouble obtaining a mortgage.
Many times when this occurs, the parties are unwilling to agree on a reasonable solution, the transaction is canceled and everyone walks away having wasted several months. Wouldn't it have been easier if the transaction were put together initially based on solid market evidence of the real value of the property? Price homes realistically, armed with solid evidence of true market value, and you can be assured of the highest possible price in the shortest period of time.
A few suggestions to Realtors:
In any given real estate market there are always some properties that are just simply overpriced. The reasons these properties end up in the inventory of a real estate broker are varied. Sometimes an owner insists on listing a property at a price much higher than it can realistically sell for in spite of a broker or agent's recommendations. It's tough competing with many other brokers and agents to list a property for sale.
Often sellers tend to list their property with the agent who tells them their house is worth the most money. As a result, many agents will knowingly inflate the 'value' given to the sellers strictly to obtain the listing. Do not waste you or your client's time. Become the realtor that people recommend as knowledgeable, fair and backed by credible information. There is only one, truly unbiased person qualified to advise you with regard to the real fair market value, and that is a seasoned, state certified real estate appraiser. An independent appraiser will discretely provide you with a completely unbiased estimate of the fair market value of any home or other real property. Let us help you obtain more listings. Contact us today; our customer service agents are standing by to answer any questions you may have.