If you are thinking about selling your house then you are surely wondering what your selling price is. Part of the selling process is getting an appraisal or what they also call a valuation of your house. “Can appraisals affect the selling price on a house?” Read this blog post now!
You’ll be juggling a lot of numbers once you have decided to sell your house.
- The price that you want to sell your house for – the asking price!
- The price that professionals think you should sell your house for – the appraisal or valuation.
- The price that someone will actually pay for your house – the selling price!
Can Appraisals Affect The Selling Price On A House?
An appraisal is going to affect your asking price but it surely wont affect the selling price! Here are the reasons why:
An appraisal is just an educated guess. If you ask for a house appraisal, the professional who will give you one will actually find the number based on what the most recent comparable sales is int the area.
They will check out several factors including the number of bedrooms or baths, if the basement is finished or not, and other things. It is an educated guess based on research and there are also other factors that will influence the price beyond the appraisal.
The appraisal will actually highlight the things that you want to be aware of. It will help you know what amount other people are willing to pay for the house. It will also let you know what they consider as important factors in the area.
The appraisal will help you choose an asking price that buyers maybe willing to pay. You might choose an amount that is higher than the appraised amount because you know your house is better than the others. Or, you might choose a price lower because you know your house needs a lot of work.
The Bottom Line
The appraisal is just a guide. Its an educated guess. You should also know that not all appraisal is accurate. There are many factors that determine the actual sale price of the property and an appraisal is just the starting point. With that being said, appraisal won’t affect the actual selling price.
Are you thinking about selling your house?
These seem like a tedious process. If that is what you are thinking, why bother with an appraisal at all? Why bother with the showing, setting the house right, and waiting for a few stressful months for them to decide whether or not they want to buy. You can definitely get a fair cash offer from us if you want to just sell your house fast. You won’t have to worry about appraisal, listing the house, showings, or negotiating! Just reach out to us and give us a call at 877-722-1622 or click here now and enter your information into the form.