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What is an Appraisal?

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An appraisal is a professional assessment of the fair market value of a home. That means different things depending on whether you're listing your house, or buying a home. Check it out!

1. Buyers

An appraisal tells the lender whether the loan you seek matches the value of the property you hope to purchase. It keeps you from over-borrowing, so you don't get upside down on your mortgage.

2. Sellers

What if you have made high-quality improvements to your home, but the comps (comparable homes) in your neighborhood, which in part determine your home's appraised value, do not reflect your investment? Our listing agent will thoroughly interact with the appraiser so that you get every penny of value from your house. Because the pictures an appraiser consults sometimes do not reveal the quality of finishes or other improvements, your My SMART Team listing agent, who has spent time with you in your house, will work for you to maximize your return on investment.

3. Appraisals are Subjective

When you list with My SMART Team, your agent will help you get an accurate appraisal of your home's condition, location, and features so you can close the door for the final time with confidence and pride.

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