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PCG » Topics » prior

This excerpt taken from the PCG 10-K filed Feb 24, 2009.
prior to appraiser's visit.  Have your home in prime "show condition."

Points to remember about an appraisal and the marketplace:

●
Money spent on repairs and maintenance is not normally recovered when a home is sold.  Deferred maintenance, however, can actually reduce property value by the cost of needed repairs.
   
●
If construction costs have risen, such an increase in value may be offset by other factors such as aging, wear or deferred maintenance.
   
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There is NO guarantee that a homeowner will make a profit when they sell their home; the MARKETPLACE is what determines whether a profit will be realized.
   
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With UNLIMITED TIME, a seller may be able to find a buyer willing to pay more than the appraised value.  A relocation appraisal ESTIMATES the price which is most likely to be agreed upon by a typical buyer and seller within a reasonable period of time (90 to 120 days).
   
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The improvements you make to your home may NOT be considered as desirable by subsequent owners as they were by you.  Improvements may not increase the value of your property by as much as they cost.
   
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Improvements or additions to a home do not necessarily increase value as much as their costs because an improvement that appeals to one owner may not appeal to all.
   
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When people have styled a home in a very personal way, they tend to place a high value on it.  It can be difficult to understand that this personal touch does not necessarily translate into dollar value in the marketplace.


 
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APPRAISAL INPUT

You may participate in the appraisal process.  Please complete the Appraisal Worksheet form using homes

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