If you’re thinking about selling your home, you’re probably trying to figure out what the best selling price for your home would be to start with. Obtaining an appraisal (or valuation) of your home is a necessary step in the process. To answer the question, “Can appraisals have an impact on the selling price of a house in Atlanta?” please continue reading…
When it comes to selling your home, you’ll be dealing with a lot of numbers!
- There’s the asking price – the price you WANT to get for your home when you put it on the market.
- In the first place, there is the appraisal or valuation – the price at which a real estate professional believes you should attempt to sell your home.
- Then there’s the selling price, which is the amount of money that someone will ultimately pay you for your home.
- Appraisals can have an impact on the selling price of a home.
Here’s what you need to know:
An appraisal will almost certainly have an impact on your asking price, but it will have no impact on the selling price. The following are the reasons…
An appraisal is nothing more than an educated guess. When you request an appraisal, the professional who provides you with the appraisal will typically find the number based on what other comparable houses in the area have recently sold for. If you have any questions about the appraisal process, please contact us.
They’ll take a look at a variety of factors (including, but not limited to the number of bedrooms or bathrooms, whether the basement is finished or not, etc.). It’s important to remember that this is only an educated guess based on research, and there are other factors that could influence the price in addition to the appraisal.
The appraisal will bring to your attention certain issues that you should be aware of. It will show you how much other people are willing to pay for a house and, in many cases, what they consider to be important factors in the neighborhood.
The appraisal will then assist you in determining a reasonable asking price that potential buyers are willing to accept. It is possible to choose an asking price that is higher than the appraisal because your house is a better house, or it is possible to choose an asking price that is lower than the appraisal because your house requires some remodeling.
What’s the bottom line?
The appraisal is intended to serve as a guide, not as an educated guess. However, you should be aware that the appraisal may not always be correct in its conclusions. There are numerous factors that influence the sale price of a home, and an appraisal is only a starting point in determining that price. As a result, it is unlikely to have an impact on the selling price.
Are you considering putting your Atlanta Georgia house on the market?
Why bother with an appraisal in the first place? Why go through the trouble of showing your home to a bunch of strangers and then waiting a month while they decide whether or not they want to purchase it? To sell your house quickly, you can get a fair all-cash offer from us… and then you won’t have to worry about getting an appraisal, listing the house, showing your house, or negotiating. Just pick up the phone and give our team a call at (404) 855-0944 or click here now and enter your information into the form.