Pre-Listing Appraisal / For Sale By OwnerAn "objective" third-party's opinion of value is advisable when hiring a real estate agent or selling without representation.

A pre-listing appraisal by Chicago Appraisals will provide an accurate description of the home's features and a detailed analysis of the most recent and similar "comparable sales" or as they're commonly called "Comps". Setting a realistic selling price may attract more buyers in a competitive market.

 

Overpriced? don't get left behind

Over 90 days on market? Aggressive pricing in a challenging market is one of the most common reasons homes don't sell. When the property is priced too high it can be difficult to sell when market conditions are declining. Chasing a declining market and incorrectly pricing a property can result in losing valuable time and money. When priced as little as 5% over the market, the home could be overlooked and interest in the property may gradually fall. Overpricing may also eliminate buyers that may have qualified for financing at a more accurate purchase price.

Accurate Property Valuation

Chicago Appraisals provides specific, verifiable, comparable sales, taking into account factors such as condition, location, appeal, and design. The report provides a carefully documented opinion of value. The appraiser has no financial interest in the property or the outcome of the transaction. This unbiased 3rd party opinion of value can often help home sellers make the most knowledgeable decision on setting a fair sales price.

price or condition?

Overpricing a property in a competitive market is a mistake that can cost time and money due to exteded market time. The current market conditions are still declining as much as 2% per month. If your property has already been on the market for over 90 days with minimal activity there are only two reasons, price or condition. An appraisal report will provide the information needed to assist the customer in making a knowledgeable decision to reduce the list price or reconsider selling in the current market.

Attracting the right buyer

The cost of an appraisal is minimal when compared to the time and money that will be spent on extended market time, advertising and offers to purchase that never go to contract. Pricing the property correctly will save time and money and may attract more buyers in the current market.