Get a Property Condition Assessment done Right

If you are considering selling your property, the first thing you should consider is getting a professionally done property condition assessment. This evaluation will give you an idea of what your property is worth, and therefore let you know what you should consider listing as your asking price. There are quite a few companies that perform PCA’s, PM Environmental provides property condition assessments around the US if you’re looking for a place to start as far as services go.

An evaluation can prove very helpful in a number of ways. Many times, people try to list their property at what they believe to be a fair asking price. However, this price may be much higher than the property’s actual market value, and therefore the sellers end up getting very few inquiries. In a panic, these sellers then slash their asking prices drastically and end up selling for much less than they should be. Enlisting the services of a property condition inspector and getting your property’s market value established first can save you this type of stress.

What a Property Condition Assessment is Based On

There are a number of things a property condition inspector will look at when determining your property’s value. These factors include:

  • Size of the property.
  • Industrial activity of the property.
  • Age of development on the property.
  • Noticable damage or environmental risks.
  • Any maintenance problems, either short-term (can be fixed easily) or long-term (either must be dealt with or fixed through extensive measures).
  • Quality of construction, including materials used and their value.
  • Drainage, plumbing, fire protection, heaters, and other property systems.

There are a number of other factors that could affect your property’s value apart from those that are directly related to the property’s structure. The location your property is in (i.e. specific neighborhood in your city) can affect your property’s value as well. Your property condition assessment will take into account everything from the quality of your local school district to the estimated future appreciation or depreciation of your property based on current and predicted market trends.

There are a number of websites that offer helpful resources. While these sites ask you to enter much of the above information into a form and then generate a value for you, it is important to remember that this should be used as a preliminary measure only, if at all. You should get an in-person evaluation done in order to properly take into account all factors and give you an accurate estimate of your property’s value. Some people will choose to get a second opinion with another evaluator, and this is perfectly fine.

The next step will be to finalize your property’s asking price. Be sure to ask for detailed listings of what was taken into account in your evaluation, and talk with your realtor about your results. He or she will be able to help you firm up a realistic asking price that will generate a response from a number of buyers in your area.

As you can see, getting an official property condition assessment done is a simple but important step in successfully selling your property. Taking the time to get your property appraised can save you much stress in the future, leading to a smoother selling process overall.

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