Selling your Incline Village home can be a challenging and stressful experience, especially when it comes to pricing the home.

Price your home too high and it will not attract buyers. Price it too low and you’ll end up losing a good deal.

Since price is the ultimate deciding factor on whether your home will be sellable or not, you want to ensure you have the accurate price.

Coming up with your home’s list price means conferring with your real estate agent to come up with your Incline Village home’s  list price.

Sometimes, you may find the asking price lower than what you expect. In such a situation, you may find yourself seeking for a second opinion from another real estate agent, who may give you a different asking price.

Sometimes the price difference can be drastic, which can be confusing.

To avoid this scenario, many homeowners think it is better to  hire a real estate appraiser to have an appraisal.

What is a home appraisal and who conducts it?

A home appraisal is an unbiased estimate of your Incline Village home for sale’s market value. It is done by a state licensed Appraiser. He or she uses past sold homes along with other criteria to come up with the value of your home.

Long years of experience, continuous training and numerous tests are required to be a professional appraiser.

A professional appraiser reports his findings and evaluations in written form and you will be charged with a fee.

Do you need a home appraisal?

I don’t normally recommend it.

Why? Here are three reasons why you don’t need a home appraisal before your home is under contract to purchase.

1. You can get a home valuation from your real estate agent for free.

If you are after your home’s market value, you can simply request one from your real estate agent. Appraisers and real estate agents use the same tools and data - CMA, MLS, and tax records in accessing and evaluating your home’s worth.

Sometimes, agents assess the home’s value better because they have a more extensive real estate knowledge of the neighborhood, and may have even visited the “comparables”.

2. Remember - there is no perfect objective valuation.

Some home sellers consider a home appraisal as an objective way to price their homes, because they do not agree with the agent’s list price.  

The appraiser will assess the value of the property based on their ‘expert opinion’, but different appraisers have different ideas when it comes to value.

If you hire two appraisers you will get two different prices.

The truth is, it is the market and the buyer, who will determine how much your  Incline Village home for sale is worth.

3. Buyers prefer their own appraisals over the sellers.

You’ll find that even if you produce a home appraisal, buyers and their lenders would still conduct another home appraisal because it is one of their requirements.

There is nothing wrong in getting a home appraisal but if your foremost reason is to know the market value of our home, your Incline Village real estate agent can provide a home valuation for you.

You do not need to spend money to know your home’s accurate worth.  Ask a free home valuation of your Incline Village home for sale from your real estate agent.