Is a Pre-Appraisal and Pre-Inspection important for your listing?

The benefits of ordering an appraisal and an inspection when initially listing your home can make the entire marketing process move smoother and quicker. The 6 benefits are as follows:

1. Establishes Objective Value-The price is not merely set by the seller but placed on the home by a disinterested third party whose profession is to value property.

2. Validates List Price-If the appraisal and the list price are the same, there is less likelihood that the buyer will discount the "asking price."

3. Establishes Basis for Comparison-The appraisal and inspection can be used to compare with subsequent reports and can help to validate or challenge their findings.

4. Creates Awareness of Condition of Home-A third party inspection of the home by an inspector will identify areas that need attention and serve as a marketing tool to buyers to give proof to the condition. It can also be used to challenge claims that the buyer's inspector might make.

5. Anticipates Potential Problem Areas-If certain things are identified by the first inspection, it gives the seller the opportunity to repair them at competitive rates instead of possibly having to rush to get them done prior to closing.

6. Saves Time-By understanding what might need to be done to a home early in the marketing process, it can save critical time between the contract and closing.

As you can see, getting a pre-appraisal and pre-inspection can add to our cutting edge marketing plan!