You’re considering selling your home and wondering whether you need an appraisal, a Realtor’s market analysis or both.

Here are the differences between an appraisal and a Realtor’s market analysis:

Appraisals must be done by a certified appraiser and they are normally done by a financial institution for lending purposes to make sure that the lender has enough collateral when lending to a buyer. Appraisals are also required during real estate legal proceedings. Appraisers are neutral parties and do not have a vested interest in the price being high or low.

On the other hand, it’s a Realtor’s duty to get the best number possible for their client. We use similar data to an appraiser but we consult with the client and figure out a strategy to get the best price.

Realtors provide sellers with a comparative market analysis – an in-depth examination of recent sales, comparable properties currently for sale, and listings that expired or were terminated. Realtors also have intimate knowledge of the local real estate market and access to market forecasts and complex analyses of historical data. All of this, combined with a Realtor’s experience and instinct, provide an accurate evaluation of your property and what you can reasonably expect it to sell for.

Realtors do a lot more than just pricing properties.

If you are interested in hearing more about the services that I provide or your wondering what your home is worth, give me a call.

You can contact me directly on my cell 604-302-0177 – let’s talk!

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