For Sale by Owner (FSBO)
If you're selling your house without a real estate agent, you don’t want to pull a price out of thin air, getting an appraisal can be a smart move for several reasons:
1
Accurate Pricing
An appraisal provides an unbiased, professional opinion of the home’s market value, helping sellers set a competitive and realistic asking price.
2
Avoiding Overpricing or Underpricing
Overpricing can lead to a stale listing with little interest, while underpricing could mean leaving money on the table. An appraisal helps strike the right balance.
3
Stronger Negotiation Position
A recent appraisal can be used to justify the asking price to potential buyers, reducing lowball offers and unnecessary haggling.
4
Increased Buyer Confidence
​Buyers may feel more comfortable making an offer if they know the price is based on an independent, professional valuation.
5
Potentially Faster Sale
A well-priced home is more likely to attract interest and sell more quickly.
6
Helps with Financing Issues
​If a buyer is obtaining a mortgage, their lender will require an appraisal. Having an initial appraisal can give sellers a preview of what to expect and avoid surprises later.
7
Supports Marketing Efforts
A professional appraisal can be used as a selling point in marketing materials to show buyers that the home is priced fairly.