Regardless of what stage you are in the process of buying a house, a property appraiser is very important. It doesn’t matter if you are a buyer, a seller, or a lender, you must keep in mind that the expertise of a property appraiser or valuator plays a significant role in all your transactions.
A fair and just appraiser will come to the house or property and assess its true value based on his/her careful and thorough analysis. This is being done by the property appraiser in order to make sure that all the stakeholders in the home buying process – buyer, seller, and lender – are properly protected from all the risks of the transactions.
Here are the important factors why you need a property appraiser for your home buying process:
For the property
Through the objective assessment of a property appraiser, all the people involved in the process can expect a holistic approach and an honest finding of the property’s value. This is normally based on the quality of the neighbourhood, its market, the improvements, and especially, the size of the home.
For the buyer
The buyer will surely desire for a property if the price is worth it and justifiable. If a property appraiser is with you, you can be confident on assessing the fair price for your new home. From that, you can easily make a decision whether to buy the property or not. With someone to rely on when it comes to evaluating the property you are into, your home buying process can run smoothly and more efficiently than what you expect.
For the seller
A good property appraiser can help a seller on making a fair selling price for a certain property. A prospective seller will normally want to make the best out of his/her property. A higher selling price will of course be more preferable for the seller as it will surely give him/her more than what he/she paid for the house. Your property appraiser can even advise you on making some improvements to your property in order to increase its value in the market.
For the lenders
To the lenders, knowing the fair and justifiable price for a certain property is important to make sure that they will come up with the best possible contract with buyer. Of course, the bank or the lender will be giving out a huge amount of money so they must make sure that it will be worth it. Hence, the need for an expert on property appraisal is very vital on their side as well in order to determine if the money that the buyer will be getting matches the right value of the property.
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Need a property valuator for your home buying process? Turn to the experts of Aviso Valuation and Advisory. Because here in Aviso, WE VALUE BEYOND MEASURE. Contact us for more information!
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