DRAFT The Appraisal Packet: Getting The Highest Value for Your Home

Today, I am sharing one of my secret weapons when I list: The Appraisal Packet.

As the spring market starts to heat up, home owners commonly will receive multiple offers above asking.  That is great to hear as a homeowner. However for financed offers, if the bank, or more specifically an appraiser, cannot prove that purchase price, you may never see that extra money in your pocket. 

Now most buyers have to include an appraisal gap to make their financed offer competitive enough to beat competing cash offers. If the property does not appraise to their contract price, the buyer may be on the line to pay cash out-of-pocket for the appraisal difference. That is why the appraisal packet is becoming more and more important.  A strategically put together packet can help both the buyer and seller feel confident the appraisal will result in the property’s highest valuation – gaining the seller the higher sales price and allowing the buyer keep more cash in their pocket......