Gearing up for an appraisal from 1 Tree Realestate Appraisal Service
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To appraise a property, an appraiser is legally required to be licensed by the state when it's a federally related transaction.
Just give us a call at 9014619663 if you have any questions about the appraisal process.
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To simplify the appraisal process, it's helpful to have these documents ready for the appraiser:
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A survey or plot map of the property and building (if readily available).
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Any information on the purchase of the property for the last three years.
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Written property agreements, such as a maintenance easement for a shared driveway.
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List of personal property to be sold with the building.
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Any documents, such as a title policy with information on encroachments or easements encroachments or easements.
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Most recent real estate tax bill and or legal description of the property.
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Home inspection reports, or other recent reports for termites, EIFS (synthetic stucco) wall systems, your septic system and wells.
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A list of any major home improvements and enhancements, the date of their installation and their cost (for example, the addition of energy efficiency upgrades or roof repairs) and permit confirmation (if available).
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Find copies of the current listing agreement, broker's data sheet and, if the sale is "pending", the purchase agreement.
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Any "Homeowners Associations" agreements or, if applicable, condo covenants or fees.
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A list of "proposed" improvements when the property is being appraised "as complete".
When the appraiser arrives, you do not need to escort him or her along on the entire site inspection,
but you should be available to answer inquiries about your property and identify any home improvements.
Here are a few other helpful recommendations:
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Accessibility: Appraisers are very thorough in their inspections. You should make sure that all areas of the home are accessible, especially the attic and crawl space.
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Housekeeping: Appraisers see quite a few of homes a year and are no strangers to clutter, but they're human
beings too! A good impact can translate into a higher value for your home.
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Maintenance: We generally suggest repairing minor things like leaky faucets, missing door handles and trim.
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FHA and VA Inspection Items: If your borrower is trying to apply for either an FHA or VA loan, definitely ask your appraiser if there are additional things that should be done before they come. Some items they may recommend might be:
installing smoke detectors on every floor of the home and especially near bedrooms,
ensuring there are electrical receptacles in every room and that each receptacle functions,
eliminating pull-chain lights in areas other than the basement or attic.
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