Family Moving-Tips to help maximizing your home’s appraisal.

In many corporate transfers, the corporation has a policy of a relocation company buying your home if it does not sell within a set period of time. The relocation company then has the responsibility of selling your home after you move.

Knowing the ropes and assisting the appraiser will help you arrive at the highest value for your home. This can be accomplished by knowing what to expect when the appraiser comes to look over your house. Expect the appraiser to take pictures of both the inside and outside of the house. Spend some time getting the house ready for the appraisal. The results of the appraisal will give you the option if you should accept the corporation’s buyout offer or if you should continue to try to sell the house on your own.

Many corporations have policies that dictate they will buy your house if it does not sell in a specific period of time. To arrive at an offering price, a relocation appraisal will have to be completed. Here’s what you can do to assure you get the very best appraised value for you home.

Gather the following information and records: (1) The plat map or survey of your house and land; (2) If available, blueprints of the house; (3) If applicable, homeowners association manual and documents showing monthly or yearly fees paid; (4) A legal description of the property-your property deed; (5) Your realtor’s sales sheet or brochure; (6) Your most recent property tax bill; (7) Your title policy showing, if any encroachments; (8) If any personal property is being sold with the house, provide a list and value; (9) Get a list from you realtor of comparable area sales, and list, for example, if a comparable house sold from an inferior location or other factor which should be considered; (10) List major improvements to the home, dates and costs; and (11) Outline of exceptional qualities of your home.

With this information you can greatly assist the appraiser in arriving at the most accurate sales price for your home.

The most probable sale price of your home in a reasonable period of time and in the current real estate market makes up the appraisal value of the home. The appraiser will inspect your home and property, study the many factors that make up the housing market in your area and then estimate a market value for your property. The appraiser will write up an appraisal report after analysis of the most probable price of your home if sold in a reasonable period of time in the current real estate market. The appraisal will then be provided you and the relocation company for review.

If there is a wide variance in value after two appraisals, try to determine why the appraiser arrived at the lower figure. If possible get it reconsidered with the presenting of new data. Otherwise, it may be prudent to get a third appraisal.

If you are in agreement with the final appraisal, expect to get an offer to buy from the relocation company. You will be required to accept or decline the offer by a pre-determined date. Following and applying this outline will give you the knowledge to assure all data is considered calculating the highest possible appraised value of your home.