"When it comes to selling your home, first impressions matter, especially for the home appraisal. To boost your chances of a higher valuation, sellers should focus on improving curb appeal, completing minor repairs, decluttering, and providing accurate records of upgrades. Whether you're selling a home in , , or , this Redfin guide will walk you through practical tips to prepare for your appraisal, why it matters in the selling process, and how it can impact your final sale price."
"A home appraisal is an assessment of a property's market value, typically a prerequisite for lenders to approve a mortgage. An unbiased appraiser evaluates the home's condition, features, and comparable sales in the area to determine its worth. The appraisal protects both the lender and the buyer by ensuring the purchase price aligns with the property's actual market value. Without it, a buyer could end up overpaying, or a lender could risk financing more than the home is worth."
First impressions strongly influence a home's appraisal and final sale price; improving curb appeal, fixing minor issues, decluttering, and documenting upgrades can raise valuation. Appraisals assess market value for lenders by evaluating condition, features, and comparable local sales. The appraisal protects lenders and buyers by aligning purchase price with market value, preventing overpayment or excessive financing. Sellers should schedule appraisals when the home shows best, document routine maintenance, highlight energy-efficiency features, and prepare utility and tax records. When multiple offers arrive, evaluate terms like appraisal contingencies in addition to price. Communicate openly with appraisers without overselling.
Read at Redfin | Real Estate Tips for Home Buying, Selling & More
Unable to calculate read time
Collection
[
|
...
]