When selling residential property in the property market, you will encounter many third party agents. First, you will encounter a real estate agent to help you sell your property. After that, an escrow agent will take over the legal formalities, and some potential buyers will view the property.
However, one person who has a huge role in selling your home is the residential real estate appraiser in Portland.
Here are some key points you should remember about real estate appraisal:
A real estate appraiser dictates the property price
As real estate appraisers are a certified, licensed authority, most financial institutions and buyers will acknowledge their decision regarding the property price. As they have sound-knowledge regarding real estate aspects, the final approval inevitably remains unquestioned by concerned parties.
For getting a financial loan
All the key financial institutions require a reputed real estate appraiser to evaluate properties before sanctioning loans. This ensures that the buyers do not inflate the property value.
Property inspection is vastly different from property appraisals
Although both parties inspect a home, a property inspector points out glaring issues that may affect the house’s price, whereas, the appraiser surveys the home regarding its monetary value.
An appraiser inspects the homes to facilitate negotiation for the final loan amount with the bank, while a house inspector negotiates the price of the house with the seller.
You can enhance the value of your property
If you want a better deal for your property, you should make some fundamental changes. Such as:
- Ensure its excellent condition.
- Remove any sign of damage or repairs.
- Make sure electric, sliding, plumbing, the foundation of the home are in sound condition.
It is important to note that the condition of your residential property affects the price you receive.
Despite, keeping your house in good condition, the price depends on the property rates of the neighboring area. Therefore, an extravagant location will fetch you an excellent price.
Real estate appraisal services for homeowners in the city of Oregon City and Clackamas County. We at True Home Valuation, LLC understand the particular needs of a consumer seeking appraisal services. Call for your property appraisals in Portland area at 503 939 1893