Charlotte NC Home Seller Tips | How to Achieve an Accurate Appraisal

In these times of tighter controls on mortgage lending, making sure your Charlotte real estate appraises at an accurate value is absolutely crucial. Mortgage loans fall through quite often because of low real estate appraisals.

Here are three tips to help you get an accurate appraisal on your home:

1. Share the scoop – Certainly by now, your Charlotte real estate agent has done extensive research on comparable properties in the neighborhood. Be certain that your agent passes that information along to the appraiser. You will also want to list any upgrades you’ve made on your home and amenities that might be overlooked by a simple glance into the MLS data sheet. Remember: No one knows your home better than you do!

2. Careful now…no hovering – Having the sellers at his/her elbow during the appraisal can be quite distracting for the appraiser. Your mission is primarily to focus on making sure your home looks its best BEFORE the appraiser arrives. Be certain that your agent is available for any questions that you or your appraiser may have and then be ‘available’ should the appraiser need you but, don’t hover!

3. Don’t be greedy – Many Charlotte NC home sellers are receiving multiple Offers once again. Be careful when reviewing Offers on your home as the temptation is typically to take the highest Offer and run with it. That’s not always the smartest move–especially if the seller is not willing to pay more for the home than fair market value (as represented by the appraisal). Being greedy may not end in the sale that you want. If a bidding war ensues on your home and amps up the price beyond its value, your best bet may be a lower Offer. The fair market value Offer won’t be nixed by the lender and if the house fails to appraise high enough, you could be back to square-one.

If you’re planning to sell your Charlotte real estate, I can help. Give me a call today at (704) 491-3310 or email me at Debe@DebeMaxwell.com.