Appraisals Wrecking Havoc…

Since the first of the year (2011)appraisals may have wreck havoc on some of the real estate sales nationwide.  Prior to this year, many of the appraisers used to be able to use 3 home sales within the last 90 days to compare the property. Now it seems many of the lenders/underwriters can and potentially ask for more! Sometimes that can be really hard to come up with more than 3 homes that are similar. You don’t want to use short sales or foreclosures if at all possible. One of the best thing to do as a seller – prior to putting your home on the market, sit with a real estate agent and really go over the comparable sales in the area!  Look at “all” the details.  How does your home compare? Kitchen & baths updated? What kind of updates are on similar properties?  Today it’s so important to really scrutinize all the details. It’s better to take the time upfront to make sure your home stands out compared to the others!  You’ll have to impress the buyers and the appraiser. I interviewed a local appraiser this past late summer discussing the market conditions for appraisers here in Kansas City, he thought that our market had stabilize compared to other cities & had more sales.  It was getting easier to have properties to use as comparables. But keep in mind – that you need to really do your homework upfront!  Be realistic & price yourself accordingly! Today there is no room for overpricing! Getting your home for sale in Johnson County sold doesn’t have to be a daunting situation!

If you want to learn more about selling your home visit: https://www.cindydteam.com/sellers
If you want to get our 450 ways to sell your home fast visit: https://www.cindydteam.com/450-ways-sell-home-faster

Considering buying or selling a home, condo, or land, please consider contacting Cindy for assistance in your search. Cindy’s coverage area includes: Johnson County, Overland Park, Leawood, Stilwell, Olathe, Lenexa, Shawnee, Fairway, Prairie Village, Northeast Johnson County, Kansas City & others!   We also offer a complimentary referral service, called “Agents Across the World,” to assist folks who are looking to buy or sell outside our coverage area, including international locations. Cindy is in several networking groups & ReMax International.  We will interview prospective agents in the area(s) you or a family member are considering to assure you get the most knowledgeable Real Estate Professional to assist their home purchase or sale.  Let us know how we can help!

 

If you are thinking about buying or selling a home, give us a call at (913) 312-3614 or send us an email to explore your options and to find out when is the best time for you to make a move.

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