13 Sep What does a real estate agent look at during an appraisal?
Every year, many people put their properties up for sale. Before you can list your property, it’s important to have an appraisal done. This appraisal helps you determine the asking price for your property. In this article, we’ll show you what a real estate agent focuses on when preparing an appraisal. Did you know we also have a blog on how an agent conducts an appraisal?
Things an agent focuses on
Firstly, the agent looks at the property itself. To determine the value of the property, the appraiser will always review previous appraisal reports, which provide a basic view of the property’s value. Once this is done, they will proceed to assess the rest of the property. The agent pays attention to aspects that increase the property’s value. For example, sustainable investments like solar panels or a heat pump can add significant value. An extension or a dormer can also substantially enhance the property’s worth. The appraiser’s visit is relatively short, so don’t be surprised if it’s shorter than you initially expected.
After touring the house, the appraiser will sit down with you to review some additional details. For instance, they will examine the insulation in the property and the energy values. Using this information, along with the previous data, they will determine a price for the property. Having an appraisal done is one of the best things you can do; it helps you understand better what to consider when selling. Always hire a professional agency if you want the appraisal to go as smoothly as possible.
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