Pre-purchase appraisals play an essential role in almost every sale involving real estate property. They determine the sales price, help negotiate a fair sales price, or to set an offering price. Whenever typical financing is being used to purchase a property, the lender will require a pre-purchase appraisal to determine the current market value of the property. The market value is needed to assist the lender in deciding whether or not to approve the requested loan amount. Appraisals performed for typical financing purposes are held to a high standard, which Brookhaven Home Appraiser is no stranger to. The accuracy of our pre-purchase appraisals is one of the cornerstones of the lending process.
An appraisal from Brookhaven Home Appraiser can provide you with a professional third-party valuation, which is far more accurate than a realtor-based comparative market analysis (CMA). A pre-purchase appraisal ensures both you and your agent have an accurate description of your home’s features and a detailed analysis of the most recent and comparable sales.
In addition to helping you obtain the most truthful value of the property, a professional pre-purchase appraisal from Brookhaven Home Appraiser can:
- Provide an effective tool for negotiating with the seller and their agent
- Help instill confidence since both the buyer and seller have written proof of your home’s value
- Highlight upfront any obvious repair problems which helps eliminate last-minute repair hassles that might delay closing
- Decrease the chances of sales falling through due to unforeseen problems
Purchasing a property is a substantial investment with built-in risks and potential benefits. By obtaining a pre-purchase appraisal from Brookhaven Home Appraiser, the buyer and seller become more informed about the property and its value. When purchasing a property, place your trust in an appraisal company that has been performing professional real estate appraisals in your neighborhood for nearly two decades. Our appraisers are based in Brookhaven and are prepared to help you make the best decisions for your future.
At Brookhaven Home Appraiser, we understand that time is of the essence when there is a pending sale of a property. We are equipped to deliver high-quality, detailed appraisals within the time frame you need. Call us today for your complimentary consultation.