If you’re thinking of selling your Portland home, one of the most important things you can do is get your house appraised and set the asking price in accord with the appraiser’s evaluation. It is very common for homeowners to believe that their homes are worth several thousand dollars more than they actually are. When you’ve lived in the same house for many years and made significant improvements, the house is of great value to you. However, when you’re looking to enter the metro Portland real estate market, it’s important to price your house competitively so that it will sell in a timely manner. A house that’s been hanging around for weeks or months will look less attractive to buyers. People wonder if it’s taking too long to sell because of some issue with it. Appraisers are looking at homes in your area every day and have a very clear idea of what the current market conditions really are.
Get Metro Portland Real Estate Appraised to Get True Market Value
In fact, studies have found that, on average, homeowners are currently valuing their homes at about 2% higher than appraisers. This may not sound like a lot. But if you take 2% of $300,000, which is the current average price of a Portland home, you get $6,000, which is a significant amount of money. Market conditions are constantly changing. While the classic example of pricing a house incorrectly is pricing too high, the opposite situation does sometimes occur, and homeowners think their house is worth less than it really is. Because the real estate market is so volatile right now, it’s wise to take the advice of professionals who are in the thick of home buying and selling. Feel free to call our office to talk about your home selling plans.