Whether you are a buyer or a seller, real estate transaction is big business. One of the most crucial steps in the real estate transaction process is the property’s appraisal. If you are selling your property, it is important that you know how to get the most from its appraisal.
Generally, a home appraisal is based on a number of factors such as the neighborhood, age and size of the home as well as amenities among others. While some of these factors (like location and size) are out of your control, you can take certain steps to get a positive appraisal for your home.
Here are some of these steps.
Clear any liens on the home
If you do not pay property taxes or other obligations like a child and spousal support, a lien may be placed on your home. This is basically a creditor’s claim of your property. If there is a lien on your home, the appraisal will fail, and you will not sell the home. So even before listing your home, it is important to ensure that there is no debt on it.
Make sure everything is working right
Broken fixtures (some as simple as non-functioning switches or burned-out bulbs) will certainly result in under-appraisal. Before the arrival of the appraiser, be sure to go through the home to ensure that everything is working as it should. While the appraiser may not go into the finer details, it is in your best interest that you do not leave anything to chance.
Do not overlook curb appeal
Your home’s lawn and landscaping do matter just as much as its structural integrity. Cutting overgrown grass and fixing the landscape from average to excellent can go a long way in boosting your home’s market value. Of course, you do not have to make any major transformations. However, trimming the live fence, planting some ornamental trees around and giving the front door a fresh coat of paint can add tremendous value to the property without spending a fortune.
A professional home appraisal is an indispensable part of the real estate transaction process. Find out how you get your home for appraisal and eventual sale.