Lately I've been doing listing appraisals to help home owners and investors get top dollar for their homes. As opposed to a regular lender appraisal, a listing appraisal determines future selling value instead of the value as of the effective date of the appraisal. Taking into account the changing market conditions, market time, and unique characteristics of a particular home, a listing appraisal will anticipate what current buyers will pay.
Typically, the seller will use the appraisal to confirm the value for a potential buyer. Since a listing appraisal may be slightly higher than a lender appraisal, (because it anticipates value instead of reporting current value) many sellers negotiate a price slightly below the appraised value, thereby giving a good deal to the buyers as well as helping to ensure that the property will "appraise" with the lender's appraiser. The bottom line is that the seller will get top dollar!
If you would like to know about listing appraisals or anything else about our appraisal service, feel free to give me call at 760-525-2742 or email me at axiomrea@cox.net.
Tanks for reading!!