Appraisal Officers and Property Assessments
Today we return to that fun-filled world of home appraisals! If you’re familiar with this website, then you will remember our last article on the subject where we went over just what a home appraisal was and its importance when it comes to preparing a home for sale (if you haven’t read that piece yet, it might be a good idea to at least browse it over before continuing).
Since the subject is now familiar to you, we want to explore a few additional topics that relate to home appraisal. The first is the general outline of what an appraisal officer will do when they reach your home, and the second is just a little bit on ways you can improve your home’s assessed value before the actual assessment takes place (we will go into further detail on this last subject in the third and final part of this series).
To begin with, let’s briefly discuss what exactly happens when an appraiser comes to your home.
Whether you have initiated the appraisal yourself or if it is happening at the behest of a prospective buyer, the process is the same. A licensed appraiser will arrive and begin to subject your home and the property on which it sits to a throughout examination. With their expert eye, the appraiser will look for anything that might affect the value of the home. Things taken into account during this examination include:
- The size of the lot on which your home sits
- The condition of the lot
- Updates or additions made to the home
- Updates that need to be made to the home
- The condition of various aspects of the home, such as the roof, porch (if applicable), floors, ceilings, etc.
- Sale prices of comparable homes that have recently sold in the area
After looking into each of these areas, the appraiser will then write up a full report that details their assessed value of your home. As we stated in the earlier article, it is this report that a prospective buyer will use to try and get a mortgage from a lending officer.
Now let’s get to the good stuff.
How can one maximize the potential of their home before an appraisal?
Like we said before, we will go into greater detail on this topic in the last article of this series, but we wanted to start you thinking in this direction now. If you are trying to sell your home, you want your home to have a high appraised value. This will both ensure that you get the true value for your home, but it also ensures that any prospective buyer will be able to get a mortgage that can actually cover the cost of the purchase.
Some of the easiest things to take care of that will immediately bump up the assessed value of your home relate to minor fixes and repairs. This might include re-caulking fixtures in your bathroom, replacing a window in your garage, fixing a garbage disposal system, and other easy items. Before you do anything else, take a walk through your house, try to adopt the eyes of an appraiser. When you come across some minor issue that you think you can fix, don’t hesitate! You might be surprised at how much a little TLC will improve the salability of your home.
- Home Improvements
- Discover Your Homes Value
- Increasing Your Homes Value
- Simple Steps to Improving the Yard
- Cleaning Up Your Home’s Exterior
- Preparing Your Home For Sale
- The Interior of Your Home
- Preparing an Empty Home
- Staging a Home for Showing
- Steps to Staging Your Home
- Major Turn-Offs for Home Buyers
- Inspections and Pest Control
- Home Appraisals
- Property Assessments
- Simple Home Repairs
- Enhancing Your Home’s Natural Lighting
- Upgrade Your Home’s Lighting Before Selling
- Fixing Up Your Garage Before Selling
- Improving & Updating Your Garage
- The Truth About Roofs
- The Process of Roof Replacements
- Mold Testing & Remediation
- The Search for Mold
- Dangers of Selling a Home With Mold
- Dealing With Water in Your Basement
- Fixing a Flooded Basement
- Ridding Your Home of Pests
- Home Selling With Children
- The Emotional Challenges of Moving with Children
- Preparing Your Children for Moving Day
Couldn’t have asked for more! Rich is prompt, efficient, caring and very personable. Rich was great. Stormy was terrific, and the fact that they took care of a problem that arose long after the closing was serice above and beyond. We were very pleased.
Rich was very helpful in selling our home. Always willing to offer opinions and solutions as we went thru the sales process. He was always available to answer questions. I highly recommend him to help buy or sell your home.
My house was listed and sold in under a week – and the process was easy. Rich’s assistant Stormy was amazing and was always quick to respond to any of my questions. They took care of everything for me.
We found ourselves in a sticky situation, already under contract with a buyer, and then there was a horrible weather event that could have destroyed the sale. Rich was there to hold all the pieces together, and did so much work on all our parts to make sure the deal stayed together. I don’t think we would have sold without him. Rich is a national treasure!
Rich sold our house in 5 days and above asking price! We were pleasantly surprised and thankful for the quick sale, and we know it was due to his expertise and negotiation skills. Additionally, his associate, Michelle Rottach, was incredibly helpful in our search for our new house. Her patience, advice, and expertise was critical to helping us find a forever home that we love. I highly recommend their team to anyone looking to buy or sell!0.3
5 reasons to partner with Rich Bassford
- Consistently one of the Top Selling Agents in QC
- Successfully completed over 1400 transactions in his career.
- Calculates the ideal sale price to meet your expectations and attract buyers.
- Brings interested buyers to your doorstep.
- Maximizes your home’s visibility online and through his network of agents.