Sellers Knowledge Base

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Seller's Knowledge Base

Selecting a REALTOR®  
22 Questions to ask a REALTOR®
Thinking of Selling "By Owner" 
Understanding Your Home's Value 
About Appraisals  
Am I priced to Sell 
How Long to Sell My Home 
Market Time 
Prepare Your Home to Sell  
Steps to Selling Your Home  
Return on Investment for Home Improvements  
Showings and Open Houses 
Home Inspections 
Negotiating  
Selling FHA/VA  
Helping the Buyer  
Commonly Asked Questions
Moving

 

About Appraisals

To appraise real estate is to estimate its value - most typically, its market value, or most likely sale price. Appraisals are concerned with value (an estimate of benefits for owning a property) and price (the actual amount of money a buyer pays for a property).

When a seller puts a property up for sale, prospective buyers (and the lenders who hold or insure their mortgages) have reason to expect that the property is worth what the seller is asking them to pay for it. An appraisal for less than the sale price can complicate, or completely block, your home's sale.

Most likely, your property will be appraised through the buyer's lender, once you have accepted an offer. RE/MAX Allegiance agents can provide a list of "comparables" to the appraiser, offering factual evidence of the active listings, sold and expired prices of similar properties in your neighborhood. This documentation should support your home's pricing structure, and aid the appraiser in arriving at a fair market value. It will complement the appraiser's direct inspection of your home, its improvements and condition.

Speak with your RE/MAX Allegiance agent for a more comprehensive overview. We think you'll agree that appropriate pricing is one of the most significant aspects of your home's eventual sale.

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RE/MAX Allegiance
5100 Leesburg Pike #200
Alexandria VA  22302
(703) 824-4800
Real Estate License # 0225126097
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