Can Appraisals Affect The Purchase Price On My House in the Bay Area?

Sell My Home Fast For Cash. If you’re wondering about appraisals, then you’re probably trying to figure out how much your Bay Area home is worth to sell. An appraisal helps us find the value of the home through the research appraisers do. Square footage, the neighborhood your home is in, the design, and public amenities around it all play a vital role in the determination of your Bay Area home. It pays to have your home appraised at a higher value. In this post – we will discuss the nuances of selling your home, what an appraisal can do for it, and your options. 

Make sure to remember these three key terms when we are talking about the sale of your home:

• Asking price: the price that YOU want to sell your Bay Area home for
• Appraised Value: the price an appraiser believes your home is worth
• Selling Price: The final price that someone purchased your home for.

Can Appraisals Affect your Selling Price?

The ultimate answer is yes.

An appraisal is a researched answer founded by a professional appraiser. They look at the number of comparable homes in your area and look into several factors regarding your own home. 

The appraisal will show you where the market is, if your home is being valued at a certain price point, you can compare it to when you purchased your home to see how much value has been added to your property.

When choosing an asking price, you need to make sure that you reach a point where you’re not overbidding nor underbidding. You need to speak with multiple buyers and see which one is most likely to pay the price that you want for your home.

In conclusion: an appraisal is a guide for the pricing for your home. There are many factors that go into an appraisal, and sometimes adding more to your home (pool, spa, extra room) can detract buyers more than entice them.

If you’re looking to sell your house fast and for cash, without the need for an appraisal or the time wasted that comes with it – your best option is to sell directly to a cash buyer (like us!)

We offer fair prices alongside great service, and a much more lucrative and quick way to sell your home versus the traditional method of listing your home on the MLS.

You won’t have to deal with inspections, appraisers, or even buyers coming to your home at any time of the day to take a look.

We also handle all of the cleaning and repairs needed, with no-hassle or stress.

My team and I buy houses fast in the Bay Area and can give you an all-cash offer even faster. We buy houses fast in the Bay Area in any condition, and you don’t even need to clean up as well.

If you’re wondering about what offer we can give you for your Bay Area home, and you’re looking for the best people who buy houses in Bay Area, feel free to give us a call anytime at (510) 900-8770 or you can fill out our form here today!