Real Estate Thoughts

Our services can assist you in obtaining a logical and credible analysis of your potential market value of any residential dwelling.  During your time of need, it may be important to not only understand the potential of maximizing your homes value, but it may be just as important to be informed upon the market activity around you. 

As a young Realtor, many years ago, I was told by one of my mentors that "Price sells everything".  This short and somewhat obvious statement, really means so much more.  People buy and sell real estate properties for a very wide variety of reasons.  Some are in distress, some is with hope, but regardless of the driving emotions, it is important to evaluate one of your most valuable assets with a credible analysis.   An appraiser can evaluate the property and carefully review the market trends and data within the competing area to determine the markets perception of value for your property.

An appraiser can deliver the findings of the analysis in a clear format that can assist you in making some wise decisions.  For example: an appraiser should be able to inform you of the highest price point that the most current market appears to bear for your property.  The appraiser can deliver the expected period of time it is going to take to complete such a transaction.  But, if you decide you are in need of making the transaction happen as quick as possible, the appraiser should be able to inform you of the lowest point the market has paid for such a property and the amount of time that it took to complete a quick sale transaction.  There are many variables to consider, but with a complete analysis, based upon the guidelines of the assignment, an appraiser can help you with your expectations and assist you with a plan of action.  Having a plan of action coupled with a marketing strategy can not only maximize your goals but it can sooth the stress that is very often associated with a real estate transaction. 

Have you ever set a price to sell a particular item only to see it sell very fast?  In fact so fast that you begin to wonder, did I just get taken.  Well keep in mind that time is money and money is time.  What I mean by this is if you have 6 months to complete a sale of your existing home and the purchase of your next home, and the current market says it is taking 60 days to sell your home, than you have time to maximize your offering price and not necessarily be in need of taking the first offer that is below your asking price.  On the other hand if you have to move right away, because you have been transferred to another city and the school year begins in 60 days, than you need to start your offering price below the higher offering prices of similar transactions.

You need to fist understand your needs and not the needs of others.  Be careful to evaluate your position within the competing market and correlate it with the needs or expectations of your time schedule.   If you rely upon others to make all of your decisions, than you just might not be maximizing the potential market value of your real estate transaction. 

Think about this, have you ever seen $1,000 or $5,000 spoken about in your normal weekly life with such irrelevance as you do when your negotiating a real estate deal?

If you knew that the most current market was willing to pay $100,000 to $105,000 for a residential dwelling similar to yours, would you be willing to take $99,000?

Obviously this will most likely depend on many other factors.  But, you can see how the use of a $250 - $400 appraisal can keep you focused on maximizing each and every additional $1,000.

To speak to a Missouri Certified Residential Appraiser - call 636-240-5853 or email me at john@approvedappraisal.net

John Wayne Glasener

Approved Appraisal Inc