Why Would a Seller Want to Provide a Recent Appraisal?

Providing a recent appraisal can be beneficial for sellers because:

Builds Buyer Confidence

A professional, third-party appraisal shows buyers the property's fair market value, making them feel more secure about the asking price.

Supports Pricing Strategy

If the appraisal aligns with the listing price, it validates the seller's pricing decision and may reduce negotiations.

Streamlines the Transaction

A recent appraisal can expedite the buyer's loan approval process since the lender may use it as part of their valuation, saving time and avoiding potential delays.

Addresses Appraisal Concerns Early

If there’s a risk of the property not appraising for the agreed-upon purchase price, disclosing the appraisal upfront helps identify potential issues and avoid surprises later.

Attracts Serious Buyers

Buyers appreciate transparency, and providing an appraisal demonstrates the seller's willingness to be open and fair, which can attract motivated buyers.

Gives us Accurate Information

In cases where square footage, lot size, and updates are a concern, having a recent appraisal by a licensed appraiser gives buyers confidence that the listing information is true. 

By offering a recent appraisal, sellers can instill trust, reduce uncertainties, and potentially speed up the closing process.