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Why is an Appraisal Important When Buying or Selling a Home?

One the biggest components in buying a home when a lender is involved includes an appraisal. If you buy a home with cash and sometimes with a conventional loan, you can bypass this step. With an FHA loan and an VA loan, you cannot.  What is an appraisal?  In simple terms and Appraisal is a valuation of property.  An appraisal ordered for the purchase of a home is to determine if the price agreed upon by seller and buyer is acceptable by the lending institution. If an appraisal comes in low, the lender will likely decline to fund the deal. Unless the buyer is willing to come to the contracted price the deal to purchase can fall apart.  So what happens if the Appraisal come in Low? Sometimes a buyer will pay over the appraised value in order to buy the home. Sometimes the seller will lower the contracted price to the appraised value in order for the deal to continue. Sometimes the deal falls apart.  Loan types will determine what you can do as a buyer to get past the low appraisal. A con

Home Staging Checklist--- The Easiest List

"The Way You Live In Your Home and The Way We Market and Sell Your Home are Two Different Things"  Barb Schwarz

When it is time to put your house on the market For Sale, it is helpful to think about it as a product. Just like any product on the shelves at your local supermarket the prettiest one usually grabs your attention first. Just like any other product, it has its features and benefits and it also has its competitors. To gain an edge you must win both the beauty contest and the price war. One of my favorite sayings is "Pack Now, or Pack Later." The fact is when you sell, the next step is moving. When you move you must pack. So why not think about Staging as getting a jump on packing early. It's a little bit of work but if you are going to do it anyways, you may go ahead and do it now so you can benefit for a higher sales price and a quicker sale!


The Easiest Staging List:


  • Walk through your house as a buyer- Assess EVERYTHING
  • Most Carpets NEED to Cleaned. High a professional. If they need to stretched, do it now before someone asks for it to be done.
  • Unless your home is a "Fixer Upper" badly worn, stained or out of date carpets should be replaced. Offering a credit to pick out their new carpet is very ineffective and some lenders do not allow for it. Choose a neutral color and style or call me and I'll send you a couple of ideas.
  • Check all light fixtures. Are they working properly? Replace burned bulbs. Increase wattage.
  • Use lamps in dark corners and make sure they are on for all showings. 
  • Repair and paint cracks on walls and ceilings.
  • Replace broken light switches and switch plates and make sure they are clean.
  • Remove all items from the Refrigerator
  • Remove most pictures from the walls. 
  • Keep all curtains and blinds open for showings.
I have way more to share with you soon! Any specific questions, ask me! 

Thanks for reading!

Leigh Ann Fisher

Comments

  1. This is really amazing. Great information about blog. we also provide partial home staging services auckland. if you want to use our services you can visit on our website.


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