Keys to Perfect Pricing #4

Don’t Rely Upon a Refinance Appraisal to Set Your Price. The purpose of the appraisal often affects the outcome. Appraisals are typically done for many reasons including fire loss, divorce, insurance reassessment, taxation reassessment, replacement cost, and mortgage refinancing. None of these may relate directly to your need to sell. Your purpose is to establish market value not replacement value. Remember, market value is the value that would appeal to many people and result in a sale in a reasonable amount of time, value represents typically what one person might be willing to pay for a home, or in the case of an appraisal, what one person thinks is the value.

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