What Real Estate Agents Can (and Should) Discuss with Appraisers

When it comes to working with appraisers, real estate agents play a pivotal role in ensuring the property’s value is accurately assessed. It’s all about collaboration and clear communication. Here’s a friendly guide on what you, as a real estate agent, should discuss with appraisers to make the process smoother and more effective.

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1. Property Features and Upgrades

Start by sharing detailed information about the property’s features and recent upgrades. If there’s been a new kitchen installed or an additional room added, let the appraiser know. This information helps them factor in these improvements when valuing the property.

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2. Comparable Sales Data

If you have insights into recent sales of similar properties in the neighborhood, pass this along. Sometimes appraisers might not be aware of all the comps you’re familiar with, and your input can help ensure they have a complete picture of the market.

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3. Market Trends

It’s useful to discuss current market trends with the appraiser. Share any local shifts or developments that could impact property values. For example, if there’s a new business opening nearby that could boost the area’s desirability, let them know!

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4. Potential Issues

If there are any known issues with the property, like zoning concerns or structural problems, be upfront about them. This helps the appraiser consider these factors from the start and prevents any surprises later on.

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By keeping the lines of communication open and sharing comprehensive information, you’ll help the appraiser provide a valuation that reflects the true value of the property. It’s all about teamwork and transparency to make the process as smooth as possible for everyone involved.