Some great tips to save you time on your appraisal from Feicht R.E. and Appraisal, LLC.
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By law, an appraiser must be state licensed to perform appraisals prepared for federally related transactions.
Just give us a call at 3148499570 if you have any questions about the appraisal process.
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To make your appraisal process go as smoothly as possible we generally recommend to have these documents, if available, ready for the appraiser:
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A plot plan or survey of the house and land (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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A list of any personal property that will be left behind and sold with the home, such as an oven, or a washer and dryer.
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Title policy that lists encroachments or easements.
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A bill for your most recent real estate taxes which should also contain a 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 your well.
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Brag sheet that lists major home improvements and enhancements, the amount of their purchase and date of their installation (for example, the addition of central air conditioning or roof repairs) and permit confirmation (if available).
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A copy of the current listing agreement with broker's data sheet and purchase agreement if a sale is "pending".
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Information on "Homeowners Associations" or condominium covenants and fees.
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A list of "suggested" improvements if the property is to be appraised "as complete".
Once your appraiser has arrived, you do not need to escort him or her along on the entire site inspection,
but it's helpful be available to answer questions about your property and identify any home improvements.
Here are a few other tips:
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Accessibility: Appraisers are very meticulous in their inspections. Make sure that all areas of the home are accessible, especially the attic and crawl space.
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Housekeeping: Appraisers see many of homes a year and are no strangers to clutter, but they're human
beings too! A good impact can mean a better value for your home.
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Maintenance: We often suggest repairing minor things like leaky faucets, missing door handles and trim.
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FHA and VA Inspection Items: In the case of your borrower trying to apply for either an FHA or VA loan, we strongly recommend to ask your appraiser if there are extra things that should be done before they come. Some items they may recommend might be:
having smoke detectors on all levels and especially near bedrooms,
ensuring there are electrical receptacles in every room and that each receptacle functions,
repairing any faucets that leak or drip, replacing broken glass.
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