Understand Your Home's Value

RIS Media has an article in a recent issue aimed at advising seller's who have questions about their home's value.

"Request a copy of the appraisal. When you bought your house, you paid for an appraisal. If you didn't request a copy of the appraisal at the time, go back and request it from your lender now. It is your right under federal law to obtain a copy of the appraisal report. Make sure you get one from your lender."

This is excellent advice. Don't confuse the tax assessment on your home with the appraisal. And although we can run comparables on your property (to compare it to recent sales in the area) that is not equal to your home's appraisal either.

The article also suggests appraising your home before you list it for sale. Obviously this is your prerogative, but keep in a mind an appraisal will be ordered by the buyer's lender anyway. We can help you set a reasonable price so you're not surprised or disappointed by the appraiser's results.

Read the full article here.