In these times of tighter controls on mortgages, making sure your Santa Cruz real estate appraises at an accurate value is crucial. Mortgages have fallen through because of low real estate appraisals.
Here are three tips to help you get an accurate appraisal on your home:
1. Give the Full Story – If you and your Santa Cruz real estate agent have done the research on comparable properties in the neighborhood, be sure to have your agent pass that information along to your appraiser. Also send along information about upgrades you’ve made on your home and amenities that might be overlooked. No one knows your home better than you do.
2. Stay Calm and Out of the Way – Having the sellers at his elbow during the appraisal can be distracting for the appraiser. After making sure your home looks its best and your agent is available for any questions, clear out and let the appraiser do his job in peace.
3. Appraisals can Impact Offer Quality – When reviewing offers on your home, the temptation is to take the highest one and run with that. But being greedy may not end in the sale you want. For instance, if a bidding war on your home amps up the price beyond its value, your best bet may be a lower cash offer as it won’t be nixed by the lender if the house fails to appraise high enough.
If you're planning to sell your Santa Cruz real estate, I can help. Give me a call today at 831.662.6522 or email me at Lauren@LaurenSpencer.com.
For additional information please visit my homepage at www.MySantaCruzRealEstate.com.
Real estate appraisals