As a real estate agent in California I am often asked what is the best way for a home buyer to do a home price analysis. A majority of my clients are surprised that I answer "borrow a home inspection". This answer is not based on any kind of popularity survey or even a popularity or sales survey. In fact, when it is time for the home inspection my clients are surprised to learn that they can do their own Home Price Evaluation as well.
Why would home sellers do a home value analysis instead of having a professional appraiser to do the job for them? Well, one reason is because many home sellers do not know the true market value of their house. Some home sellers will try to hide things like repair costs and new upgrades on their home just to make it appear more valuable than it really is. Believe me, this is a losing proposition for the seller. It will only help the seller if they have a knowledgeable real estate agent do the home valuation and home inspection work. Visit the Cardwell Mono Centre Ontario to know more about home price evaluation.
Another reason is that many home owners do not know enough about Home Price Evaluation to know what to look for and where to look for it. Many home owners believe that a home value survey will be more accurate than a home appraisal. While a home appraisal will be more accurate than a home price survey the home owners who use home price surveys never see all the positive data points that can be used in an appraisal and home inspection.
So what is the "poster child" of Home Price Appraisal? That would be the Home Inspection. We always recommend that home owners get a professional Home Inspector to do a Home Value Survey and Home Inspection on any home that they are considering to buy or sell. Although most home sellers do not like getting a professional opinion their home inspection is one of the only ways to really find out the true value of their house. If a home inspector discovers major problems with the house that could affect its resale potential then the Home Inspector can discuss a fix and makes the house more attractive. View here to know the importance of home price evaluation.
How many times has your neighbor to let you down by not checking to see if the sprinkler system worked when you had a severe thunderstorm come through your neighborhood? Or how many times has your friend or neighbor's son come home from college and found a huge pile of trash in their garage after they have cleaned out the garage? These are all examples of common home maintenance issues that home owners tend to overlook that end up costing them thousands of dollars in repairs. Home inspection reports show us when and what we need to correct on our houses before they become expensive repairs. Not doing these repairs can cost you much more in the long run.
Home price valuation and home inspections are one of the most important services that anyone can offer. In today's housing market home owners must be very careful in their buying decisions. Many people fall prey to selling their home because they believe that they are getting less than they could for it. This is not true and home values have declined as well as interest rates. The best way to avoid this problem is to do a proper home appraisal and home inspection on your property. If you are a home owner you should never ignore the importance of this service and it can save you a lot of money and headaches in the future. Read more about this topic here: https://en.wikipedia.org/wiki/Real_estate.