When you think you’ve finally discovered your dream home, it can be tempting to stretch your budget a little or compromise on some of your wants or needs to live in a great neighborhood. However, rushing through the home-buying process can blind you to countless issues with the house, leading to costly and time-consuming problems that can impact your family and your wallet for years to come.
Before you start signing contracts or packing up your belongings, our team at C and J Appraisal Company, LLC encourages you to schedule a professional appraisal to make sure you’re making an excellent long-term decision. Here are 5 key benefits of getting an appraisal before buying a home:
- Get unbiased information. Homeowners may overestimate the value of their house and list it for more than its fair market price. A professional appraisal will provide you with unbiased information, helping you determine if the house is really worth the cost.
- Improve negotiations. If an appraisal reveals that the listing price is higher than the property’s true value, that can give you some serious leverage during negotiations. You can ask the seller to reduce the price or complete necessary repairs prior to your move-in date.
- Seamlessly secure a mortgage. When you apply for a home loan, the lender will want to ensure the amount of money you’re borrowing aligns with the property’s value. An appraisal can give lenders reassurance that you’re making a sound investment.
- Discover local market trends. Curious about a specific neighborhood’s market conditions? An appraiser can offer valuable information about the area’s property values, home sales, and other fluctuating factors.
- Gain peace of mind. Knowing that you’re making a smart investment can provide you with confidence and peace of mind before moving forward with the home-buying process.
To learn more about our appraisal services, please reach out to us today!