Price It Right to Sell with a Listing Appraisal
(Ask about our pricing for top-quality photographs to use in your marketing!)
Houses that aren’t priced right don’t sell. We consistently see that homes in the Greater Austin Area (Central Texas) sell when the listing price is within 2 to 4 percent of the price that they actually sell. Over priced listings collect days on the market (DOM), and frequently end up selling for less than they might have had they been priced right at the beginning. You can avoid this with your own home by getting a pre-listing appraisal.
The Hidden Costs of Incorrect Pricing
Every month a home sits unsold costs the owner’s more money in carrying costs (mortgage, taxes, insurance and utilities) than the cost of a listing appraisal.
Are you planning to list the home, or sell the home? If you want to sell, get a Listing Appraisal and get it SOLD.
Our Listing Appraisal Service
To meet this need, Appraisal IQ provides an accurate, substantive Listing Appraisal Service for homeowners and Realtors in the Greater Austin Area in Texas.
If you are a Texas Realtor, or a home owner planning to list a home for sale, you may be wondering why you might need a pre-listing appraisal. Here are a few good reasons:
Discrepancies in home size can quickly lead to legal problems
Tax records are frequently wrong. If you are planning to FSBO (For Sale By Owner), you need to be certain of the size of the home.
A Listing Appraisal will give you an accurate measurement of the home’s Gross Living Area (GLA) as well as the measurements for other areas, such as the garage and out buildings on the property.
Finding comparable sales for some properties can be a real headache.
A Listing Appraisal can help you understand the market outside of the typical market area for your CMA (Competitive Market Analysis) and identify comparable sales that may not have been originally considered but that would be considered viable comparable properties to the one you’re about to list. In addition, the appraisal will explain, in detail, why these comparable properties were chosen and how they substantiate the appraiser’s opinion of value. This information can be valuable when negotiating the contract for the sale of the property.
A Listing Appraisal can help make sure the listed price on the property is viable for the current market.
Potential buyers that view the property and their Realtors can pick up a full color copy of the appraisal report along with your other marketing materials at the property to show that a professional appraiser has inspected the property and the sales in the area. CMA approaches can vary widely from Realtor to Realtor but appraisal approaches are very well defined and one appraiser’s opinion of value will be within a small range of another’s.
The pre-listing appraisal report will contain a 1004MC, otherwise know as the Market Conditions Addendum.
The 1004MC provides a 12 month statistical analysis of the comparable properties.
Why Waste your Time and Money?
A pre-listing appraisal can save you time, and time is money. If your home is even a little overpriced, you’ll be waiting and watching for months while other homes in your area that are more favorably priced sell. Even worse, fresh ones will come on the market to compete with your “old” listing!