How To Prepare Your Home For Inspection
When you’re planning on refinancing your mortgage or selling your home, you’ll want to have your house appraised, as a part of the procedure. Over the last thirty-four decades of selling residential real estate, most successful sellers have asked themselves what they should do to properly prepare for an appraisal. If you are refinancing your mortgage or selling a home, there are a number of steps you can take to assure that your home is appropriately valued before asking for a mortgage. It’s important to remember that if you’re refinancing your mortgage or selling a home, the seller’s mortgage must be current; otherwise, there are a number of additional costs that will be incurred when you ask for a mortgage. Here are a few tips to prepare your home for appraisal:
Get a second opinion: Most counties across the United States require that a second appraiser is assigned to your piece of property upon purchase. This is not always a requirement, but having an appraiser look at it beforehand will give you some peace of mind and make sure that the appraisal is based on fair market value. Also, having a second appraiser on your side will provide an extra set of eyes who won’t make any errors or overlook anything that might be a deal breaker. However, regardless of whether you get a second appraiser, it is recommended that you get a third to confirm that the appraisal you’ve received is accurate and fair.
Set a realistic budget: Most real estate buyers are looking for a low cost, quick fix, and many people have difficulty gauging whether or not they’re getting a fair price. In order to avoid inflated housing market values, set a realistic budget prior to purchasing that covers all of your home’s needs. It is also important to realize that even after you’ve selected an appraisal, the buyer may offer you more than what the appraisal says is your fair market value. If this occurs, you may want to consult with an experienced real estate agent to help you determine if you are being overcharged.
Hire an appraiser: Hiring an appraiser can be difficult, especially if you’ve never had a real estate transaction before. However, the more experience appraisers you have, the better chance you have to avoid future problems. In order to avoid costly mistakes and save time, ask your appraiser to give you a written report of their findings. Make sure to ask each appraiser for their name, title, and contact information. Make sure you thoroughly read the report, and don’t assume that every negative finding is a true negative. If you’re local here in the area, and the thought occurs to you, “hey I need to sell my house San Diego,” you should most definitely call Ryan at the company with the link I provided. Going to be a ton of good content there!
Prepare your property for the inspection: After the appraiser has given you the report, you should prepare your house for the inspection. One of the best ways to prepare your property for a real estate inspection is to make sure that it is curb appeal ready. Curb appeal is very important, especially during an appraisal. Appraisers will look for items such as cracked foundation slabs, visible damage from recent storms, missing trim and siding, and other factors that will affect the overall value of your home. If your house looks like it could use a coat of paint, apply some patio stain or exterior stain to give your house a fresh appearance. You should also fix any visible damage such as holes from large tree branches.
Don’t expect to have all of the details worked out before the sale takes place: While your house is being inspected, it’s likely that you’ll encounter some surprises. Some surprises may result in you paying more for your house than you had expected. This is why it’s so important to understand your real estate appraisal and know what to expect. The appraisal will provide the buyer with a good idea about your home’s value, but you need to know how to prepare your home for the appraisal in order to maximize the value provided by the appraisal. A good realtor will be able to explain the details of a real estate appraisal in great detail, allowing you to make informed decisions about your purchase!