Long Island Real Estate Market Conditions Have Changed!
Inventory and marketing time has increased in many Long Island and New York City markets. If you are going to sell your home you would be wise to invest in a professional appraisal by a certified appraiser. Professional appraisals do not cost money, they pay in the long run! Unless a homeowner studies real estate values on a day to day basis, like a professional appraiser does, it's difficult for them to get a handle on real estate values. We are not talking about how much you have invested in your home, how much you paid for it, or how much you want for it. We are talking about the true market value of your home. Many people are surprised when their home does not sell right away and languishes on the market for months due to an unrealistic asking price. Others have an inflated opinion of their home's value and an appraisal helped them to realistically price their home in order for it to sell. An overpriced home will not attract buyers, which means no offers and no closing and that you have wasted valuable time, money, and efforts.
Don't "Overprice" Your Home! It is very hard to be objective about your own home because of your emotional attachment to it. One piece of advice that is consistently given by the experts in selling your home is to not overprice.
In addition to helping you set a realistic selling price so your home will attract buyers, a professional appraisal is very valuable as a negotiating tool once you have a potential buyer.