Tuesday, January 15, 2008

Importance of Real Estate Appraisals for Hardin County Home Sellers

Are you planning to sell your Hardin County Kentucky home? Do you think you know how much it's worth on the open market? Many sellers make the mistake of trying to estimate the value of their homes themselves. This is almost always a bad decision, because homeowners tend to be very emotionally invested in their homes. They almost always assume their dwellings are worth top dollar in their current condition, and this is rarely the case. Your real estate agent will be able to estimate the selling price of your home. However many factors impact Fort Knox Kentucky real estate value, and a professional opinion from an appraiser is likely to yield the most accurate picture of fair market value for any piece of real estate.

Of course you know how much you paid for your Kentucky home. You also know how much money, time, and energy you have invested in improving the property over the years. You probably also have a good idea about the asking price and sales prices of other homes in your neighborhood and the Fort Knox area. However, this type of information doesn't tell the whole story about the value of your home. While these details are useful and interesting, they really can't replace the benefits of a professional real estate appraisal when you're trying to decide on the best listing price for your home. Local appraisers are looking at Hardin County property on a daily basis and they are the experts.

As soon as you decide to put your home up for sale, you should seek professional guidance regarding the true market value of your home. Not only can getting an appraisal help you decide how much to ask for your home in its current condition, the information you learn may help you determine if you should spend some money improving the condition of the property in order to be able to sell it for a higher price. Conversely, you may learn that investing in additional improvements would not be likely to help you sell the home for a greater amount.

It is common for sellers to avoid getting appraisals before listing their homes for sale because they don't want to spend the money (around $250) to have a professional appraiser assess the value of their property. While frugality can be an admirable trait, failing to spend a few hundred dollars on a professional appraisal can result in the loss of thousands of dollars on the sale of your home. If you are listing your Fort Knox home with HardinHomes of RE/MAX Executive Group you will already be saving a ton of money by not paying a huge commission.

If you price your home too high, it isn't likely to sell. If you price your home too low, you won't realize the highest possible return on your real estate investment. Can you can afford to have your home sit on the market for an extended period of time? Do you want watch your home sell for less than it is really worth? If not, it is in your best interest to get a professional appraisal as soon as you decide to sell the property.

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