Many people are surprised when they find out that the market value of their home is a lot more than they'd planned, so investing in an appraisal from OC-Appraisals Orange County, Ca Residential Appraisals actually allowed them to receive several thousand more dollars than they thought they would when their home was sold.
There are also plenty of home sellers who think their home is worth much more than it really is, and an appraisal helped them to realistically price their home in order for it to sell.
An overpriced house will not attract buyers, which means no offers and no closing and that you have wasted valuable time, money, and efforts.
Each month that your home is still on the market is another month you have to pay its mortgage.
And in the meantime, you're stuck paying the mortgage while your property sits on the market.