New Year is the time when resolutions are made. As an agent, you are apparently looking at improving the efficiency of the work that you do. Why not focus this year on communicating well with your Appraiser because it will bring you immense value. Often Agents approach Appraisers only when there’s a fire threating to get out of control. Rather than waiting for critical times, a proactive approach with Appraisers is needed. It will help you deliver excellent service to your clients. There are other things you can also do to smoothen out the appraisal process on all the properties you sell.
5 Top Appraisal Tips for Agents
Is your square footage on the dot?
When an MLS listing does not show actual square footage, it can snowball into an issue. Your client is purchasing his new home on your estimation of the size of the house. An inaccurate square footing would lead him to buy a home smaller than he had imagined, so he would end up paying more for less! Besides where would all his belongings go, now that he has a smaller home, than you had promised? Apart from this, a sales statistic is the yardstick other agents use to advise sellers on how they should price their property in tune with the homes in the neighborhood.
Does the market support your list price?
Agents must follow the same method as appraisers to price property. Real Estate Appraisers determine the market value of a property from what others have sold their property for and the current listing. This will prevent deals from failing to take off. Also, comparison should be made with properties having similar physical attributes of age and condition to estimate accurate value
Interact with the Appraiser
It is important to provide the Appraiser with any additional information you may have which could affect the pricing of a commercial property appraisal or a home property valuation positively. For example, let him know if you factored in the recent renovation in your pricing or any other feature which may not be visible upfront. A professional appraiser would be more than willing to hear you out.
Be particular when ordering an appraisal
Do not try to be cheap and sing a pretentious knowledge of the property’s market value when you do not know it. There are situations where ordering a pre-listing appraisal will cut on time and money. You can list the property and sell it off quickly which is turn will down marketing time and costs and the seller’s mortgage payment.
Tie-up with an experienced Appraisal provider
If you have clients in Pennsylvania, New York, and New Jersey you should tie up with an experienced Appraisal provider like RD Clifford Associates, Inc. The company is a full-service provider of Appraisals, Valuations, Consulting and Expert Testimonies for the real estate, mortgage lending, machinery and equipment, capital asset, divorce and estate settlement markets. It is an established leader in the appraisal and valuation industry and has been faithfully meeting customers’ needs with the highest integrity since 1990.
Clifford Associates breaks apart from the rest with:
- Accurate, quality research
- Timely, error free appraisals
- Market competitive rates
- Exceed industry standards
- Innovative in use of appropriate technology
