Preparing the Property for Sale - Property Appraisal
There are two main things you can do to help streamline the sale process:
1. Order an appraisal of your property.
- Obtain an appraisal of your property from an accredited company that mainstream banks and mortgage institutions will accept. Many buyers will be asked to produce an appraisal of the property by their financial institution prior to giving a commitment for funding.
- Obtaining an appraisal yourself will not only ensure that the asking price is reasonable for your property, it's worth its weight in gold when you can provide it to potential buyers. Not only will it show your buyer that you are asking a fair price, it can reduce the time it takes to close the deal if you provide them with a copy once you have accepted their offer.
- INCORRECT PRICING IS THE #1 REASON THAT SOME PROPERTIES LISTED FOR SALE EVENTUALLY FAIL.