New appraisal guidelines came out September 1 that, in my professional opinion, are a good thing in the long run BUT will most likely result in even tighter appraisals than we in the industry have been seeing in the short term. This is an out of pocket expense for you, but it can shorten marketing time which means fewer house payments for YOU to make on your existing home. If you would like the contact number for an appraiser familiar with YOUR LOCAL market (and this makes a difference!), let me know.
As a word of caution, an appraisal is good for the day in which it was done. If a home down the street goes into foreclosure next week, the numbers will change. However, it will give you an excellent starting point and serves as powerful ammunition for your agent when negotiating an offer/contract on your home. A Realtor's market analysis is as accurate as possible, but nothing is better than a certified appraisal as appraisers often have access to information we as agents don’t AND only an appraiser can truly interpret the new guidelines, which will be instrumental in determining the value of your home in today’s market.
Call, text, email, or tweet me today to discuss!
No comments:
Post a Comment