profile picture

English French Spanish

Some great tips to save you time on your appraisal from Robert J Reamer

By law, you, as a borrower, are are entitled to obtain a copy of the final appraisal report from the lender. Just give us a call at 2316490877 if you have any questions about the appraisal process.

To speed the appraisal process along as quickly as possible we generally recommend to have these documents, if available, ready for the appraiser:

  • A survey or plot map of the property and building (if available).

  • Information on the latest purchase of the property in the last three years.

  • Information on any written private easements, such as a shared driveway with a neighbor.

  • List of personal property to be sold with the building.

  • Any paperwork, such as a title policy with information on encroachments or easements encroachments or easements.

  • Most recent real estate tax bill and or legal description of the property.

  • Home inspection reports, or other recent reports for termites, EIFS (synthetic stucco) wall systems, your septic system and wells.

  • Brag sheet that lists major home improvements and upgrades, the date of their installation and their cost (for example, the addition of insulation or roof repairs) and permit confirmation (if available).

  • A copy of the current listing agreement with broker's data sheet and purchase agreement if a sale is "pending".

  • Information on "Homeowners Associations" or condominium covenants and fees.

  • A list of "proposed" improvements if the property is to be appraised "as complete".

Once your appraiser arrives, you do not need to escort him or her along on the entire site inspection, but can be helpful be present to answer questions about your property and be willing to point out any home improvements.

Here are some other helpful tips:

  • Accessibility: Appraisers are very detailed in their inspections. We recommend that all areas of the home are accessible, especially the attic and crawl space.

  • Housekeeping: Appraisers see many of homes a year and aren't surprised at seeing a bit of clutter, but they're human beings too! A good impression can translate into a higher value for your home.

  • Maintenance: We generally recommend fixing minor things like leaky faucets, missing door handles and trim.

  • FHA and VA Inspection Items: In the case of your borrower trying to apply for either an FHA or VA loan, definitely ask your appraiser if there are extra things that should be done before they arrive. Some things they may recommend might be: putting smoke detectors on all levels and especially near bedrooms, ensuring there are electrical receptacles in every room and that each outlet functions, eliminating pull-chain lights in areas other than the basement or attic.