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After the buyer and seller come to a "meeting of the minds" on the price of a house, there is one more person who must be convinced that the house is worth the selling price--the mortgage company's appraiser.

The appraiser looks for three similar houses that have sold in the same area within the last several months, and compares the selling prices of these homes with the one that is now on the market. The appraiser makes adjustments to account for the differences in each property, and averages the adjusted prices of the other three homes to arrive at a final opinion of value. In subdivisions or condominium projects where there are many similar properties and numerous recent sales, the appraiser's job is relatively easy. In neighborhoods of older homes that have been renovated or remodeled over the years, it can be like comparing apples and oranges.

If the appraiser's evaluation is lower than the selling price, it can stall the transaction because the lender may decline the buyer's loan because of the discrepancy. A real estate agent can work to minimize potential delays associated with the appraisal process by helping the seller to price the home as close to fair market value as possible.

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Sherri Melton
Keller Williams Realty Augusta Partners
3633 Wheeler Rd., Ste. 125
Augusta, GA 30909
706-495-1135
Fax: 706-364-1963
SherriMelton@NUMBER1EXPERT.com

Sherri is dedicated to accomplishing her clients goals whether that may be buying or selling around Augusta. You will find her high energy level, integrity, and driven work ethic are second to none. A stickler for high standards, exceptional service and a reputation for results, you will feel very comfortable with Sherri. Sherri is also an Accredited Staging Professional Agent. She offers this service to all sellers because a Staged home gives you the competitive edge you need in todays market! Sherri Melton is ranked as one of the top producing real estate agents in the United States. Licensed in the states of Georgia and South Carolina, Sherri has a team of people to assist her in providing the highest level of service to her clients. Sherri is known for her innovative approach to marketing homes, the personal attention she gives to buyers, and her total commitment to providing excellence in real estate services. She also serves on the Associate Leadership Council as Culture Chair for Keller Williams Realty Augusta Partners.

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