Pre-Listing & FSBO Appraisals Chicago IL
Whether you are a realtor or a homeowner selling a home on your own, it is vital to know the true market value of your home before listing it on the market. A Pre-Listing appraisal is the best way to know the true value of your home. It is much more accurate than a comparative market analysis (CMA) and, thus, adds more weight to your arguments during negotiations.
Why is a Pre-Listing Appraisal Important?
Following are some of the main reasons that make a Pre-Listing appraisal important:
- Accurate Pricing – Our Pre-Listing appraisal provides a fair and unbiased valuation of your property. It will enable you to competitively price your. This ensures that you don’t overprice your home and scare away buyers or underprice it and leave money on the table.
- Manage Expectations – A Pre-Listing appraisal can help you set realistic expectations about the selling price, preventing any disappointments.
- Avoiding Delays – A Pre-Listing appraisal can help identify any potential issues that might delay the sale later on, allowing you to address them proactively.
- Credibility – When you have a professional determine the true market value of your home, it reassures potential buyers of the property’s value.
Overall, a Pre-Listing appraisal is essential for a smooth experience while selling a home.
CMA vs Pre-Listing Appraisal
A Comparative Market Analysis (CMA) is an estimation of a home’s value done by a real estate agent. They use comparable properties in the area to determine a likely selling price.
A Pre-Listing appraisal is a professional valuation conducted by a licensed appraiser, such as the team at AnDel Appraisals.
A CMA is good for a quicker valuation of the home, however, a Pre-Listing appraisal provides a much more in-depth and comprehensive assessment of the home’s value. Pre-listing appraisals are also more accurate and reliable.
Our process for a Pre-Listing Appraisal
The process for getting a Pre-Listing Appraisal may seem complex, but AnDel Appraisals makes it very easy and smooth for our clients.
The process for an appraisal starts the moment you reach out to us. We will ask you some questions over the phone to get the necessary information about the appraisal. Then, we will book an appointment with you as soon as possible to visit your home and gather more information.
During the home visit, we inspect the property, measure the property, take photos, and gather data on improvements, types, styles, and conditions. Then we develop an opinion of value based on similar homes that were sold in your area.
We return to our office with all this information in hand. It usually takes us about 3 days to complete an appraisal. We will then send you the appraisal report via email.
Why choose AnDel Appraisals?
AnDel Appraisals has been providing quality Pre-Listing Appraisals to its customers for over 12 years. Our team of appraisers possesses in-depth knowledge of Chicago real estate rules. Moreover, they are well versed in English, Spanish, and Polish languages allowing us to serve a more diverse range of clients.
Our detailed reports include recent comparable sales, market trends, and property-specific features to give you a comprehensive view of the home’s value.
In addition, our lead appraiser, Ray Anderson, is a former real estate broker. So, he is able to look at each home appraisal project through the buyer’s eyes. This gives us a unique edge when performing a home appraisal.