Every investor understands the principle of “buying low and selling high,” but it means different things to different people. Some people enjoy the thrill of predicting market fluctuations correctly, but successful traders are often luckier than they are good at choosing investments. On the other hand, many savvy investors prefer a “buy and hold” strategy. Real estate offers a lot of upside for long-term investors who are interested in protecting their wealth from inflation, and an independent appraisal is an essential part of making an informed decision before you choose to buy or sell. The process typically takes about two weeks from start to finish, and our team at Ferstl Valuation Services is here to help!
We’ve been offering trusted real estate appraisals in Little Rock since 1967, and we have the requisite expertise in a variety of property types to provide reliable and accurate property appraisals for any residential or commercial need. Additionally, J.T. Ferstl, MAI, is an Arkansas-licensed attorney who can assist you with trial preparation services and expert witness testimony.
An independent appraisal is an objective valuation utilized to establish the fair market value of a property, and we’re always a phone call away whenever you have questions. You can significantly expedite the process by putting together a folder that includes all required documentation for the appraiser before his or her arrival. Some of the documents the appraiser will want to examine include documentation of the last sales price, recent land surveys, and a list of home improvements, along with receipts or invoices.
You might also consider making cost-effective improvements to boost the property’s value. Your first step should be reviewing prior appraisals and addressing any issues that previously lowered the property’s value, as well as any obvious health or safety issues. You’ll also want to look at comparable properties in the area and see how your property stacks up. You won’t want to price yourself out of the market by making expensive renovations, but it’s typically easiest to recoup your investment in kitchen and bathroom upgrades as long as the property is located in an area poised for growth. And if time is limited, a fresh coat of paint can make a significant difference!
For more information about real estate appraisal services in Little Rock, contact us online or at 501-375-1439.
