Getting an online home appraisal estimate could save you thousands of dollars when buying a home or selling your home. Many people have no clue how much their property is worth or the house they are buying until it is too late. This article will explain why you should get a house appraisal estimate and how to get one for free.
Buyers normally offer less than what the property is listed for but the truth is they still could be over paying. The best thing you can do as a buyer is get a house appraisal before making an offer. Traditional home appraisals cost over $250 dollars but you can get a free estimate by using one of the online property value websites. If you get an estimate from a couple of these sites and combine your real estate agents estimate then most likely you will have a fairly good idea of how much it is really worth. Then make your offer slightly lower than the estimated value. If the seller doesn’t accept your offer then show them the estimates you received.
If you are selling your home you need an appraisal in order to price it properly. The number one reason why it takes so long to sell is they are priced too high. If you want to sell fast you need to price it right. I recommend asking your agent to give you an estimate but also use the online appraisal sites to get a couple of values. Then average them together and set the price 2 percent less than the calculated value. This will bring in more offers and most likely a bidding war.