Ferstl Valuation Services has provided trusted real estate appraisals in Little Rock since 1967, and every member of our team shares our passion for exceptional customer service. Knowing a property’s fair market value helps sellers determine an appropriate listing price and enables buyers to feel confident that they’re getting the best possible value for their money!
We have the requisite expertise in a variety of property types to provide reliable and accurate property appraisals, and J.T. Ferstl, MAI, is an Arkansas-licensed attorney who can assist you with confidential real estate consultations, trial preparation services, and expert witness testimony in eminent domain cases or other property disputes. Here are a few easy steps to help you expedite your upcoming appraisal:
Determine a budget for upgrades—Many investors make handsome profits purchasing and flipping underpriced properties in communities poised for growth. Still, you don’t want to leave money on the table if comparable properties are selling for a premium! It’s always a good idea to review previous appraisals and address any issues that adversely affected the property’s value, and it’s typically easiest to recoup your investment in kitchen and bathroom upgrades.
Keep the property tidy—Even if you don’t currently have the money or time to make significant capital upgrades, curb appeal is an essential sales tool. Keep the lawn mowed and the hedges trimmed, add some fresh paint, and take a weekend to declutter the property. It’s much easier for potential buyers to imagine how the property will look once they move in if it’s clean and tastefully staged.
Assemble an appraisal package—It will significantly expedite your appraisal if you gather all necessary documents in advance. The appraiser will typically request to see documentation of the last sales price, recent land surveys, and a list of home improvements accompanied by receipts or invoices. Ask the appraisers for a complete list of documents they’ll require before the site visit, and then focus on being a gracious host and giving them space to work when they arrive.
Your appraisal report will typically arrive in approximately two weeks and will include a detailed property description, current valuation, and a certification that the appraisal is an unbiased professional evaluation conducted in accordance with industry standards and guidelines.
For more information about real estate appraisal services in Little Rock, contact us online or at 501-375-1439.
