Boston condos for sale the benefits for Sellers to get an appraisal first

Home appraisal is typically done after an offer is accepted. There are benefits to having an appraisal done before listing your Boston condo for sale. An appraisal determines your condos fair market value to recently sold comparable Boston condos in the area. Here are four reasons to consider paying for an appraisal before listing your Boston Seaport condo for sale.

1. Determine a Listing Price

You don’t want to list your Boston condo for sale for too much and risk your listing going stagnant. On the flip side, you certainly don’t want to leave money on the table by listing your Boston condo for sale too low. A pre-listing appraisal can be a valuable tool to make sure your home is priced accurately from the beginning. According to the National Association of Realtors, more than 15 percent of home sales are renegotiated, delayed, or even canceled because a home appraisal comes back lower than the contract price. Appraising your Boston downtown condo for sale before you sell can help you avoid this pitfall.

2. Gain a Professional Opinion from a Neutral Party

While Boston downtown real estate agents can give you different market values for your home, a home appraisal by a professional licensed appraiser can give you valuable insight into your home’s value from a neutral third party, which makes it different than a comparative market analysis (CMA) performed by real estate agents who will benefit if you decide to hire them to list your home. An appraiser’s report offers a completely professional and unbiased opinion on your home’s value, with no financial incentive affecting the appraisal amount.

3. Get Ideas for Boosting Your Home’s Value

Your appraisal report will compare your Beacon Hill condo for sale to recently sold homes that are most comparable to yours, which gives you the opportunity to see how your home stacks up and areas you can improve to increase your home’s value and appeal. For example, if the comparables the appraiser used have more modern kitchens, you may decide to invest some money in minor kitchen upgrades.

4. Use as a Negotiating Tool

The appraiser’s report gives you the facts you need about your home and the local market. You can use this information to determine a fair asking price. In a weaker market, the report can be used to address items you think were missed. It can add value for buyers by giving them peace of mind. During negotiations, the appraisal can help you support your pricing position. If the lender’s appraisal comes in lower than the one you received, you can use your independent appraisal to support the buyer in requesting the lender get a second appraisal or a review of the low appraisal report.

Getting a home appraisal prior to selling is one of the smartest moves a homeowner can make. It’s also a great idea to hire experienced agents who have thorough knowledge about pricing real estate in downtown Boston. Rely on the experts at Ford Realty to help you sell your home for the highest price and in the shortest time. Reach out to one of our friendly agents today at 617-595-3712.

Author Profile

John Ford
John Ford
EXPERIENCE

Over the course of 20 years in the Boston downtown real estate market, John represented and sold numerous, condominiums, investment and development properties in Greater Boston and in the surrounding suburbs



In addition to representing Boston condo buyers and sellers, John is currently one of the most recognized Boston condo blog writers regarding Boston condominiums and residential real estate markets. John's insights and observations about the Boston condo market have been seen in a wide variety of the most established local & national media outlets including; Banker and Tradesman, Boston Magazine The Boston Globe, The Boston Herald and NewsWeek and Fortune magazine, among others.



HISTORY

For over 24 years, John Ford, of Ford Realty Inc., has been actively involved in the real estate industry. He started his career in commercial real estate with a national firm Spaulding & Slye and quickly realized that he had a passion for residential properties. In 1999, John entered the residential real estate market, and in 2000 John Started his own firm Ford Realty Inc. As a broker, his clients have come to love his fun, vivacious, and friendly attitude. He prides himself on bringing honesty and integrity to the entire home buying and selling process. In addition to helping buyers and sellers, he also works with rental clients. Whether you’re looking to purchase a new Boston condo or rent an apartment, you’ll quickly learn why John has a 97% closing rate.

AREAS COVERED

Back Bay

Beacon Hill

Charles River Park

Downtown/Midtown

North End

South End

Seaport District

South Boston

Waterfront

Brookline

Surrounding Communities of Boston
Contact
John Ford and his staff can be reached at 617-595-3712 or 617-720-5454. Please feel free to stop by John's Boston Beacon Hill office located at 137 Charles Street.




John Ford
Ford Realty Inc
137 Charles Street
Boston, Ma 02114

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