Who is best to value your property in Colorado Springs? There’s no doubt that a professional realtor or licensed appraiser are the two best choices to find the market value of your property. With the real estate market in Colorado Springs constantly fluctuating, relying on experts who understand local conditions is essential.
In this post, our team at Your Home Sold Guaranteed Realty - Barb Has the Buyers Team will explain why realtors and professional appraisers are the best choices for valuing your property.
Key Takeaways:
- A seasoned realtor with knowledge of the local market can provide key insights into your property’s value.
- A professional appraiser is trained and certified to provide an exact valuation for your home based on market trends, comparable sales, and the condition of the home.
- Whether you’re buying, selling, or refinancing a property, a professional appraisal provides a reliable and unbiased valuation that can withstand scrutiny from lenders, buyers, and sellers.
Who is Best to Value Your Property?
Colorado Springs Realtors
While online valuation tools like Zillow or Redfin can provide estimates for home value, they can’t capture the intricacies of the Colorado Springs market. This is where the expertise of a realtor comes into play.
Realtors monitor the market constantly and keep up-to-date on current pricing trends, neighborhood developments, and buyer preferences. This firsthand experience and understanding of the local market dynamics make it easy for them to offer realistic assessments of your property value.
In addition to the market trends, a realtor will also look at the features and amenities of your property to determine how much it’s worth. This involves analyzing its condition, location, size, renovations, unique features, and amenities in the local neighborhood.
Whether you’re looking to sell your property or determine its value for refinancing purposes, a realtor can provide guidance tailored to your specific needs in a way online tools can’t.
Professional Appraisers
The second best option to determine the value of your property is a licensed appraiser. A professional appraiser is trained and certified to provide an exact valuation for your home based on many of the same factors realtors use:
- Comparable sales in the area
- Condition of the home
- Unique features of the property
- Location of the home
- Neighborhood amenities
The main difference between a realtor and an appraiser is that an appraiser has gone through extra steps to obtain a professional license in appraisal. This means they must adhere to strict guidelines and ethical standards established by regulatory bodies. These standards ensure their assessments are objective and accurate.
In Colorado Springs, where property values can vary significantly from one neighborhood to another, the expertise of a professional appraiser can be helpful. However, it isn’t common for home sellers to hire an appraiser. Instead, appraisals are usually ordered by home buyers as part of the buying process.
But there’s no rule preventing home sellers or current homeowners from getting an appraisal to find the market value of their home before a sale. Whether you’re buying, selling, or refinancing a property, a professional appraisal provides a reliable and unbiased valuation that can withstand scrutiny from lenders, buyers, and sellers.
Buy or Sell a Home in Colorado Springs with Barb Schlinker
When it comes to valuing your property in Colorado Springs, working with a realtor or professional appraiser is your best course of action. Their combined expertise, local market knowledge, and adherence to industry standards ensure that you receive an accurate and reliable valuation.
At Your Home Sold Guaranteed Realty - Barb Has the Buyers Team, Barb Schlinker and our entire team have been in the real estate business for 27 years. Throughout our career, we’ve become deeply familiar with home prices in the Colorado Springs metropolitan area and constantly monitor pricing trends. This makes us well-equipped to find the market valuation for any property.
We also work with a large network of real estate professionals, including the top appraisers in the area. To learn more about working with us or getting a home valuation, call 719-301-1802 or fill out the form on this page.
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