Whether you are buying or selling a home, a home appraisal contingency is likely to be a part of the process. This can be an anxiety-inducing experience, but knowing what to expect during a home assessment can help ease your fears.
To ensure that your home is valued to the maximum extent, there are several things you can do as a seller. Firstly, check out the competition and see what similar homes in your area are selling for. Make small repairs to minor items and enhance your home’s curb appeal by fixing loose shingles or adding decorative elements to the front door. It is also important to make cosmetic changes such as updating fixtures and painting.
When preparing for the appraisal, be sure to document all improvements made to the property and include all paperwork related to upgrades. Additionally, make sure your home is clean and in top condition to enable a fair appraisal.
During the appraisal process, it is important to give the appraiser some breathing room and allow them to do their work without interference. Showing improvements or guiding them can lead to unintended consequences.
In summary, preparing for a home appraisal contingency involves making small improvements, documenting upgrades, and allowing the appraiser to work without interference. By following these steps, you can help ensure that your home is valued to the maximum extent.