Preparing for a Property Appraisal? Here's How to Ensure a Strong Valuation

Congratulations on receiving an offer for your property and getting it under contract! Now comes an important step in the selling process: the property appraisal. As a seller, it's crucial to prepare for this appraisal to ensure the best possible valuation. Today, we will provide you with a few tips on how to get ready for the appraisal process and make a positive impression on the appraiser.

1. Compile a comprehensive list of updates. Before the appraiser arrives at your home, take some time to put together a list of all the updates you have made, regardless of their size. This list will help the appraiser understand the value-added improvements you have made to the property. Remember to include the year each update was completed, as this information can be particularly useful. By sharing this list, you enable your real estate agent to effectively market your property and highlight its appealing features.

2. Treat the appraisal like a showing. When the appraiser visits your property, treat it as if you were preparing for a showing. Ensure that all lights are turned on, the beds are made, and everything is in pristine condition. Remember, the appraiser's objective is to validate the value assigned to your property, so presenting it in its best light is essential. It is also beneficial to personally meet the appraiser at the property and provide them with the list of updates you prepared earlier. 

"Preparing your home can significantly impact the outcome of the valuation."

3. Provide comparable sales information. Work closely with your real estate agent to gather information on comparable sales (comps) or similar homes that were used to determine the value of your property. Share this data with the appraiser to assist them in their evaluation. By offering relevant comps, you are providing valuable insights and supporting the appraiser's assessment.

4. Include a copy of your survey/plat. If you have a survey or plat of your home, make a copy and provide it to the appraiser. This gesture will be greatly appreciated as it saves them the time and effort of locating this documentation themselves. Going the extra mile to facilitate their work can leave a positive impression and contribute to a more accurate valuation.

Remember, impressions matter, and a positive interaction with the appraiser can influence the final valuation. If you found these tips helpful, don't hesitate to share them with others. For any further inquiries, feel free to contact us via text, email, or phone call.