Pre-Listing Appraisals
A For Sale By Owner (FSBO) real estate appraisal is a professional, independent opinion of a property’s value obtained by a homeowner who is selling without a real estate agent. It serves as a credible benchmark for pricing and negotiations.
What is it?
- A licensed or certified appraiser evaluates your property based on condition, features, location, and recent comparable sales (“comps”).
- You receive a written appraisal report with a concluded market value as of a specific date.
Why FSBO sellers get an appraisal?
- Accurate pricing: Helps avoid overpricing (which can stall a sale) or underpricing (leaving money on the table).
- Credibility with buyers: A third-party valuation can build trust and reduce disputes.
- Negotiation support: Useful when a buyer challenges price or after an inspection.
- Financing awareness: Anticipates the value a lender’s appraisal may reach if the buyer finances.
What does an appraiser look at?
- Square footage, layout, bedrooms/bathrooms
- Condition, updates, and quality of construction
- Lot size, zoning, and neighborhood factors
- Recent comparable sales and current market trends
Cost & timing
- Typical cost: varies by location and property type
- Turnaround: Often 3–7 business days
Appraisal vs. CMA (Comparative Market Analysis)
- Appraisal: Formal, unbiased, performed by a licensed appraiser; stronger evidentiary value.
- Comparative Market Analysis (CMA): Informal estimate often provided by agents; helpful but less authoritative.
How to get one?
- Search for state-licensed residential appraisers (state appraisal board, Appraisal Institute, or local referrals).
- Confirm they have no conflict of interest and experience in your area.
- Prepare your home: provide a list of upgrades, permits, HOA info, and recent comps if you have them.
If you have further questions send us an email below or simply call us today at (856) 745-3550.