Ensure Accurate Appraisals Successful Sale Florida Homes
Ensure Accurate Appraisals Successful Sale Florida Homes is the biggest threat to your home sale that comes back with a low appraisal. Which is why your agent needs to make sure the appraisal is accurate.
Here is the process your agent needs to follow to ensure an accurate appraisal.
The person doing the appraisal doesn’t understand why the home is selling for a specific sales price. They don’t understand why buyers are only willing to pay X. That is why your agent must explain that to them to Ensure Accurate Appraisals Successful Sale Florida Homes.
First, your agent should always meet them at the property and bring a detailed Comparable Market Analysis (CMA) with them.
The CMA should include at least 3-5 comparable sold homes, 2-3 comparable homes currently under contact, and 3-5 active competing homes currently on the open market.
They should put together a detailed CMA using the sold comparable sales. They will give that CMA along with the actives and pendings to the person doing the appraisal.
They will ask them what they feel the value of the house is. Then, your agent should show them the MLS history and explain why the house is only selling for X.
The key with the CMA is to use the closest comps available. You should not include REO or Foreclosure comps if possible. Appraisers want the closest geographic comps available.
A real estate agent will use your agent’s comps most of the time. An appraiser won’t do that very often. Need an offer on your house?
I can help you sell your property and Ensure Accurate Appraisals Successful Sale Florida Homes. Send me an e-mail at info@FloridaConnectsInc.com. I will contact you for a free consultation.
Thanks for reading this, Annett T. Block.
Annett is a Real Estate Broker at Florida Connects
Tallahassee Phone: (850) 364-3946.
Fort Lauderdale Phone: (954) 543-1794
View My homes for sale at www.FloridaConnectsInc.com