Wednesday, September 6, 2017 / by Tom Nickley
How Our Team Avoids Appraisal Issues
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In a hot market like the one we’re seeing here in Orlando, it’s common for buyers and sellers to face appraisal issues. There’s nothing worse than being 20 days into the process with a great offer only to find out that the appraiser doesn’t agree with the price. Luckily, our team has a few strategies we use to help us avoid this and we’re going to share them with you today:
1. Meet the appraiser at the property. Our agents do this to put a name to the face and bring them a packet that contains every single comparable home that we believe supports the home’s value. Usually, appraisers look for these comparable homes themselves, but a lot of the time when we supply them with a list—they use it.
2. Give the appraiser a list of improvements that you’ve made in the last five to seven years. This will give them a really good idea about the home’s upkeep and what you’ve done to increase its value over time.
3. Bring every single offer we receive for the listing. This will be a part of the packet we mentioned above. When we bring multiple offers to appraisers, it shows them the value that the home carries in the market.
"This is just one thing we do to ensure a smooth closing."
We have found that by taking these steps, we rarely run into appraisal issues and we have had much better relationships with appraisers overall. This is just one of the many things we do to ensure a smooth and easy closing for our sellers.
If you have any questions for us or you’re interested in buying or selling a home in Orlando, give us a call or send us an email today. We would love to hear from you.
