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APPRAISAL FOR SELLING PRICE?
While most home sellers rely on recommendations from agents to set the selling price, this may not work in all cases. For example, your land, location or house may be so unique that the use of comparable sales for pricing is non-existent. In such a case, it might not be a bad idea to have an official appraisal, (conducted by a professional appraiser) in your back pocket as additional price-setting data.
Cost-wise, you should agree in advance exactly how thorough an appraisal you need. Some reports run for 30 pages, including photographs of the neighborhood and floor plans of each room. Explain that a simple letter report will be sufficient, and that you are simply seeking an estimate of fair market value.
An appraisal can sometimes be a valuable bargaining tool during negotiations. Although it is simply an estimate—albeit an informed, skilled one—the buyer will usually accept it as impartial proof of vaI lue.
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