If you are planning to sell your home, an appraisal can be an important tool.

While looking at property records at your local courthouse can help you to determine the value of your home, it does involve a lot of do it yourself “home work.” The same is true of an electronic appraisal - done online.

However, a home appraisal conducted by a professional can give you the information that you really need. More importantly, having a professional appraisal done will allow you to know the value of your home to prospective buyers (and, you should know that an appraisal will be required by the buyer’s bank as a part of the mortgage loan application).

A home appraisal will be based on the following:

  • the size of the home;
  • the condition of the home;
  • the neighborhood the home is in;
  • the value of recent nearby home sales; and
  • the proximity of the home to schools, shopping and other services

But the most important information that a home appraisal will give you - especially if you are planning to sell your home with a FSBO listing - is an idea of the right price, the price that will sell your home.

IHS Realty
Determine the value of your home with home appraisals and other tools.
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