An appraisal performed by a licensed certified LOCAL appraiser will take the guesswork out of pricing.
As a Seller’s Representation Specialist (SRS), Missy can perform a brokers pricing opinion, but it is not the same as an actual appraisal. Appraisals are recognized by banks and mortgage companies and can help should a mortgage appraisal come back lower than the independent appraisal.
Banks rely on appraisals for lending. When a home in a neighborhood is sold it must appraise for the purchase price (or lending amount) or the buyer will need to make up the difference. Sometimes, this results in an adjusted sale price.
Knowing an appraised value before putting your home on the market can help set the accurate price from the beginning. This is especially important if your home has more upgrades or is not in an area with good comps.