How to Get the Right List Price for Your Home with a Professional Appraisal
Selling your home can be a stressful and exciting process. You want to get the best possible price for your property, but you also don’t want to scare away potential buyers with an unrealistic or inflated asking price. How do you find the sweet spot between what your home is worth and what buyers are willing to pay?
One way to get an accurate and objective estimate of your home’s value is to hire a professional appraiser. An appraiser is a licensed expert who analyzes your home’s condition, features, location, and comparable sales in your area to determine its fair market value. Unlike a real estate agent or broker, who may have a vested interest in setting a high or low list price, an appraiser is impartial and independent.
A professional appraisal can help you set a realistic and competitive list price for your home, which can attract more buyers and increase the chances of a successful sale. Here are some benefits of getting an appraisal before listing your home:
- You can avoid overpricing or underpricing your home, which can cost you time and money in the long run.
- You can justify your asking price to buyers and their agents, who may also request an appraisal from their lender before closing the deal.
- You can identify any issues or repairs that may affect your home’s value or marketability, and address them before listing or negotiate them with buyers.
- You can showcase your home’s unique features or upgrades that may not be reflected in comparable sales or online estimates.

Frequently Asked Questions (FAQs)
How do I know if I need an appraisal for my client’s home?
An appraisal is not mandatory for listing a home, but it can be a useful tool for real estate agents who want to have more confidence and accuracy in their pricing strategy. An appraisal can be especially helpful if your client’s home is unique, has significant improvements or defects, or is located in an area with limited or outdated sales data.
How do I choose an appraiser for my client’s home?
You should look for an appraiser who is licensed and certified in your state, has experience and expertise in your market and property type, and has a good reputation and track record. You can ask your colleagues or broker for referrals, or search online for appraisers in your area. You can also check their credentials, reviews, and samples of their work on websites like the Appraisal Institute or the National Association of Realtors.
How do I use the appraisal report to set the list price for my client’s home?
The appraisal report will give you an estimate of the fair market value of your client’s home, based on its condition, features, location, and comparable sales in the area. You can use this estimate as a starting point for setting the list price, but you should also consider other factors such as the current market conditions, the competition, the buyer demand, and your client’s goals and motivation. You should also consult with your client and explain how you arrived at the list price, and get their feedback and approval.
How do I handle appraisal issues during the negotiation or closing process?
If you have an appraisal before listing your client’s home, you can use it to support your asking price and counter any lowball offers or appraisal contingencies from the buyers. However, keep in mind that the buyers’ lender may order another appraisal before closing, and that appraisal may differ from yours. If the second appraisal comes in lower than the agreed-upon sale price, you may have to renegotiate with the buyers or their agent, or ask your client to lower their price or make concessions. Alternatively, you can ask the buyers to pay the difference in cash or waive the appraisal contingency.
How can I help my client prepare their home for an appraisal?
You can help your client make a good impression on the appraiser by making sure their home is clean, decluttered, well-lit, and well-maintained. You can also provide the appraiser with a list of any improvements or upgrades that your client has made to their home, along with receipts or invoices if available. You can also point out any features or amenities that make your client’s home stand out from other comparable properties in the area.
If you’re a real estate agent looking to set the right list price for your clients’ properties, consider recommending Residential Appraisal and Valuation Services. Contact us today at +1617-910-3700 or visit our website at www.residentialavs.com to learn more.
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