Why you need a Real Estate Appraiser in selling your home?
There could be a massive reason why we have a Real Estate Appraiser and why they have to get a license to perform this vital task. If this is not an important job, we do not need licensed individuals to do it. However, people are typically stubborn. there is this Filipino mentality that we’d opt for a couple of savings over obtaining what’s wrongfully right. There is this “tipid-system” that overpowers doing what should be done right. real estate dealings is one in all the normally abused transactions in this “tipid-system”.
Some sellers would prefer putting up their own price in selling their properties. Without considering if it’s over-valued or under-valued compared to its current market price. Property owners can actually sell their own property and price it as to how they wanted it to be. However, if they ask other people to sell it in their behalf, you now need a Licensed or accredited Real Estate Professional for that.
Real Estate Professionals like Real Estate Appraisers specifically are licensed to check on the value of each property base on its current market and zonal value, actual status or condition of the property and its neighboring lots. Real estate appraisers will look into different factors that will affect or greatly affect the value of the property. Sometimes, even if your property is a corner lot or along the highway, the price of the lot is not considered or qualified to be prime.
Let your real estate transactions be done right the first time. If you are planning to buy a house, make sure that the value of the house was checked by a Real Estate Appraiser. That way, you will know that the property is not over-priced. If you are a seller of the property, work with a real estate appraiser for them to be able to give you the right value of your property. They will inspect the property and see to it that it matches the value of the City or Provincial Appraisers.
There are a lot of factors that affect the actual valuation of a property, location is just one of them. From supply and demand through to location, facilities and planned infrastructure projects, there are plenty of factors that can influence property value.
What appraisers will do is check on these factors before actually arriving at the right value of your property. These same factors are also checked by the City and Provincial assessors through government standards. Real Estate Appraisers report should match or closer to the Government assessors value.
A real estate appraiser will go through the home performing an evaluation, and then provide you with a written evaluation after he has gathered all necessary information. Appraisers will also take into consideration the replacement costs as well. Also, they will have to very land descriptions as well.
There is a lot of work involved with appraisals, which is why it’s so very important that each step of the process is performed correctly by a qualified real estate appraiser.