How to Prepare for a Home Appraisal
How to Prepare for a Home Appraisal in Sioux Falls | Sell Your Home in Sioux Falls
If you’re thinking about buying or selling a home in Sioux Falls, one important step is the home appraisal. Equally as important is knowing how to prepare for a home appraisal. If you’re selling your home and not sure what an appraisal is, it’s an unbiased estimate of the true market value of a home. Basically, a third party who’s not personally involved and can provide a financial value of the home.
Understanding is important and we’re here to help! The Amy Stockberger Real Estate team is your #LifetimeHomeSupportTeam. We put your goals and priorities first and utilize our proven systems and processes before, during and after the sale of your home. We’ve been helping our clients buy and sell homes in Sioux Falls for many years, earning the opportunity to be the #1 real estate team in South Dakota along the way. We want you to find a home that fits your lifestyle.
We are going to start by understanding when and why home appraisals are important. An appraisal will be required whenever a borrower receives financing from a mortgage lender or broker to help purchase a home. Oftentimes, the home inspection and appraisal process are thought of being the same. There is actually a significant difference between an appraisal and a home inspection. Homeowners who know how to prepare for an appraisal can increase the chances that the appraisal is successful and the process can keep moving forward.
When Does A Home Appraisal Happen?
If you haven’t had a home appraisal before, it is pretty simple. If you’re selling your home in Sioux Falls, our expertly trained specialists will help coordinate everything you need to be successful. We will work with all the parties needed so you have everything lined up from the proper paperwork to understanding all your options. Our proven systems and process are available so you know when your home appraisal will take place.
Homeowners who decide not to prepare for an appraisal often regret their decision. The bank appraisal is one of the most common reasons a real estate transaction falls apart! A bad bank appraisal can often be avoided, if you know how to prepare for an appraisal properly. The appraisal is really a safety net for the bank, or lender, who is providing the funds to a buyer. The lender wants to make sure the home for sale is in line with the money being requested. They want to protect the lender from asking for too much, or being over funded.
Ways to Prepare Your Home for a Home Appraisal
Our team listed out some of the best ways to prepare your home for sale in Sioux Falls for a home appraisal below! Our proven systems and processes have helped homeowners for many years and we want you to be prepared for all things! Appraisers have an objective process to inspect homes for improvements. They outline everything they find that may lower the value. Not to be confused with a home inspection, the home appraisal process is different.
As outlined in a previous article, staging your home to sell for more is also relevant for a home appraisal. Some simple steps to declutter your home will help the appraisers conduct a more accurate report. As a top ranked realtor in Sioux Falls, our team has neighborhood reports to compare so you’ll have an idea what your home is worth, too. If you’d like to get started now, a quick online form can help get you started!
- Samantha Benson