Is it time to sell you University of British Columbia real estate? If you are looking forward to putting your home on the market this upcoming year, having a home appraisal is a great way to secure a larger profit from your investment. There are many things that you can learn during a home investment that you might not have previously noticed, which can help you to bring up your property value last minute.
You can also use your appraisal during negotiations and keep the upper hand while selling. Those who do not have a home inspection completed prior to selling often take much longer to sell their property compared to those who do complete the process. They are also much less likely to get an offer that maximizes their return. Here are some of the many benefits of having a home appraisal on your UBC real estate before putting it on the market.
Pricing
Many buyers make the mistake of playing the guessing game and just throwing out an asking price when they go to place their home on the market. A price that is too high will deter potential buyers. They will think that you are not serious about selling your home or that you are trying to pass off a scam.
If your home is priced too low, buyers might wonder what the catch is and search for disastrous problems. You want to price your home with a value that is both competitive with other homes for sale in the area and confident. The amount should reflect the true value of the property. Do not make an assumption of what this number is; have a home appraisal so that you can know exactly what your UBC real estate is worth.
Deciding When to Sell
Your home appraisal might reveal some problems that bring down your property value. If you would like to maximize your profits, taking the time to fix these issues might be beneficial. This could push back your ideal time to place your home on the market and change your plans. In the end, completing upgrades or making repairs that the professional inspector deemed as negatives will make it easier to sell your home for a larger amount.
Negotiations
Having a home appraisal prior to placing it on the market will give you the upper hand during negotiations. You will know exactly what your home is worth, and so will potential buyers. This might deter them from placing a low bid as their initial offer. If there is a low bid or terms that you do not agree with, having your home appraisal will give you the ability to point out the exact strengths and weaknesses of the property to potential buyers. Both your buyers and you can go into the negotiation process with confidence in the integrity of the home.
Having a home appraisal completed before placing your home on the market is one of the best choices that you can make as a homeowner. For more information, visit our sellers page or contact a representative with UBC Homes today.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.