Checklist to Prepare for Home Appraisal
How much is your home worth? That’s the question thousands of homeowners ask themselves every year when it comes time to relocate. For most Americans, their home is their biggest asset, so getting the most out of it during a real estate sale is critical. The most surefire way to get an accurate and fair assessment of your home’s value is through a home appraisal. Home appraisals are important for keeping a real estate transaction on the right path and making sure both buyer and seller get a fair and honest deal.
There are many areas for a home appraisal that are out of your control, i.e., the home’s location and age, but there are many areas you can improve on to get the most dollars from your property.
To help our current and future clients, The Storck Team has put together a handy checklist to prepare for home appraisal, so you know exactly what to do and what appraisers will look for.
Preparing Outside of Home for Appraisal
Preparing Inside of Home for Appraisal
Appraisal Homework
The Final Walkthrough
Before calling it quits, pretend you’re the appraiser and give your own property a walk-through. What would you be looking for? What items jump out at you as lacking or needing help? A slow walk-through with multiple family members is a great way to make any last-minute adjustments.
Ways to Upgrade
None of the following tasks are musts for a home appraisal, but if you have the time and energy these small upgrades can go a long way for a home appraisal:
Do I Need to Stage my Home for Appraisal?
No, in most cases you don’t need staging services. A thorough clean and de-clutter is all you need for an appraisal. If you’ll be vacating the premises and staging before the appraisal it certainly won’t hurt.
What if My Appraisal is Low?
If your appraisal is coming in much lower than you or your realtor’s comps, there’s a problem. There are several factors that could influence a low appraisal like discovering appliance needs or nearby foreclosures.
With the help of your real estate agent, you can appeal your appraisal with a Reconsideration of Value. You will need to use comps and other data to verify your claim but even well-prepared cases aren’t always accepted for reconsideration.
According to housing outfit Fannie Mae, only 8% of appraisals came in lower than the asking price in a 2017 survey so don’t keep yourself up at night worrying about a low value.
More Appraisal Help with The Storck Team
Aurora’s The Storck Team has been helping our clients get the most from their homes for several years and know the tricks to a great appraisal in the red-hot Denver real estate market. When you choose The Storck Team as your seller’s agent you’ll be certain to get the most out of your appraisal, beyond this checklist to prepare for home appraisal.
Get Appraised and Get Selling
The temperatures outside are heating up, and so is the Denver real estate market as we plunge into selling season. If you follow the above tips and do your homework, you’ll be on the right path to getting your worth on the appraisal.