When selling or buying a home or refinancing your property, a real estate appraisal can impact your selling price, buying price or how much you can borrow from your lender. Your realtor will assist you with presenting your home in the best possible light for future buyers and helpful appeal tips. Also, a licensed home inspector will provide excellent information on the working mechanics of the house. While many factors for determining the value of your home, such as the location and features of the neighborhood, are out of your control, there are a few things you can do to address the appraisal value.
In determining fair market value, Metro Appraisal Associates, a real estate appraisal company serving clients located in upstate New York, recommends:
- Maintenance: While many issues can be addressed here, let's look at only a few this time. Note honestly the exterior paint, masonry condition and roofing. Ask yourself questions. "What condition is it in?" "Is there peeling?" Do the bricks need replacing or repointing?" "Is it good or only fair?" " Does the roof need to be replaced?" "Is the garage safe for a car to be parked there?" Do the same for the interior of the house. "Paint- touch up or a whole house candidate?" Kitchen and bathroom attention is always important. "Are the floors in need of repair or replacement?" Try to be critical. Regardless of the use of the appraisal, you and /or a lender will be placing financial terms on property's the appraised valued.
- Doing Your Own Market Research: If you know of any comparable properties in the area that have sold recently, don't be afraid to bring them to the appraiser's attention. They are experts, and they won't mind the additional insight you may be able to provide. Stay close to your property location, and stay with a similar style when gathering data.
Since 1974, Metro Appraisal Associates has provided in-depth, accurate, and objective real estate appraisal services for businesses, banks, attorneys, and homeowners alike. Through an extensive network of highly trained professionals, they can serve clients throughout the country. Visit their website to learn more, or just call (585) 225-3042 to schedule your appraisal today.