How to Avoid a Low Real Estate Appraisal
No one wants to get hit with a low appraisal when trying to sell their home. Keep in mind that an appraiser is not trying to offend you, they are simply calculating how much your home is worth according to a universal checklist that they’re forced to abide by. There are things you can do to avoid getting lowballed, and increase your odds of a favorable appraisal value. Read: What to Do When the Appraisal Is Less Than the Offer – Trulia
List Improvements and Extras: Appraisers can be highly trained, but still miss things; remember, they are human. Make the job easier for the appraiser by creating a list of all the home improvements you have done to the house and any extras you think he or she might want to know about. This will make the appraiser’s work easier to get done and will ensure that nothing is missed.
Some of the things that will be important to an appraiser are major structural or mechanical additions like a new kitchen or bath. If you have upgraded the heating system, replaced the roof or installed new siding these things are absolutely worth noting as they will have an impact on the home value. See: What to Do If Your Home Purchase Appraisal Comes Up Short – Zillow
Clean The Home Up: Make sure your home is clean before the appraiser visits. The appraiser is going off of a lot of information, but he or she is also making judgment calls off of a first impression.
Landscape: You do not have to be a professional landscaper to clean up the yard. Simple touches such as cutting the grass, mowing it, or planting flowers can make all the difference. Again, remember that the appraiser is human, and humans make first impressions. The number he comes up with will be impacted by his first impression of your home.
Repair What You Can: Any issue with your home, no matter how small, is going to be judged. It may be noticed by the appraiser, so do what you can to fix them. An an hour of work here or there makes a huge difference.
Inform the Appraiser About the Area: The appraiser who is assigning a value to your home may not be from the immediate area. It can help you to inform that person of the quality of the school districts in the neighborhood, as well as any improvements to the property. Also be sure to check out this article on, What Home Sellers Can Do If the Appraisal is Low – USA Today