No matter if you’re selling or buying a house, you will most likely face a home valuation contingency. It’s nerve-wracking but it is possible to relax knowing what to expect from your home valuation. These home appraisal tips will make your home more attractive.

Let’s begin with what is a home evaluation?

The appraisal will also calculate the home’s worth. If the buyer is borrowing money, the lender will often order an appraisal. This is done to make sure that the lender doesn’t lend more than the property’s value or over-lend. Lenders might require buyers to include an appraisal clause with their offers.

Buyers should have home appraisals.

Lenders base the amount you borrow on the property’s appraisal value and not the listing price. Your lender may ask you to complete an appraisal contingency in order to ensure your loan doesn’t exceed the property’s value. These cases will typically be coordinated by the lender.

If the appraised value is less than the offer price, there are several options.

  1. Pay any price difference.Lenders take into account the appraised value of the home to determine the loan amount. If the property’s appraisal value is less than the agreed price, your lender may reduce the amount of your loan.
  2. Discuss the price with the seller. If the appraise value is lower than you would like, you may be able to negotiate a lower price. This can be difficult in a highly competitive market where there are many offers and bidding wars.
  3. If the seller refuses or is unwilling to negotiate the purchase price, you can cancel the agreement. You can also recover your EMD (earnest cash deposit) if you comply with the terms and deadlines of your offer.

How do you appraise a house the most accurately?

A licensed Brooklyn Real Estate Appraiser examines the property during a home valuation. An appraiser will assess the property’s value and take into consideration all factors. This includes the property’s condition, any additions or improvements made, its size and “comps”, properties that were recently sold in a comparable market.

How can sellers ensure their home is valued at its highest value?

Sellers have many options to increase their home’s value.

Take a look at the competition

Look at similar homes in your area. Compare the square footage, layouts, upgrades, and other conditions. Only look at homes that were sold within six months of yours.

Don’t forget about homes that have been sold in the same year you are trying to sell. Seasonal fluctuations are a common occurrence in the markets.

These records can also be found online.

Minor repairs

Now is the best time to get started on that long-awaited list of projects. Oil the hinges, fix the running toilet, and set up your fussy garbage disposal.

These may seem minor to you, but they can have a significant impact on the overall condition and appearance of your home.

We recommend taking a tour to see if there are any small changes you can make.

Increase curb appeal

The exterior of your home can also impact its value. The curb appeal of your home is like a book. It will be judged by buyers and appraisers. Because the exterior condition can often be used as a way to judge its interior condition,

Do you not know where to start? You can start by addressing small problems like loose shingles or clogged gutters. A simple but powerful task is to make sure your home’s front doors are well lit and clear.

Add charming decorative elements to your front porch and make your home stand out. Also, ensure your lawn is in good condition.

Make cosmetic improvements

Upgrades to your home are always risky. It is possible that you will not be able to recover the full cost of a remodel. But, minor cosmetic changes can still be worthwhile.

You can make a big impact by replacing fixtures, painting or even replacing bathroom vanities.

Document your improvements

It is important that you keep track of any home improvements and provide reports.

Brooklyn Real Estate Appraiser may not have much knowledge about your neighborhood. This is your chance to highlight any additional value. You can make a list of the improvements that you have made to your property.

You should include copies of all paperwork related to the upgrades such as contractor invoices. This will increase your credibility and allow contractors to assess the quality of work.

Before making any major home improvements, make sure that you have the appropriate permits from your local government. Unpermitted work can reduce the property’s worth and can lead to higher costs in resolving any problems.

Keep your home neat and tidy

It may seem easy, but your home must be in excellent condition to allow for an appraisal.

Appraisals can be subjective. A clean home will usually rank higher than one that the inspector considers to be in poor condition. Pests and rodents will be more likely to live in your home if you don’t clean it often enough. This is something an appraiser will know.

Give the appraiser some room

It is crucial to let the appraiser work after they arrive.

It can be tempting to guide your improvement or point out their shortcomings, but we do not recommend this. Appraisers do this every day. They know what to look for. There is a risk that you will become their shadow, or give away too much information. This could cause more harm than good.

Be polite and cordial.


While it may not be possible for homebuyers to avoid an appraisal when financing their purchase, there are still options that you can influence the outcome.