Some nice hints to save you time on your appraisal from Larry Bridges


	Did you know you, as a borrower, are entitled to receive a copy of the completed appraisal report from the lender? Just give us a call at 7703107992 if you have any questions about the appraisal process.

To facilitate the appraisal process, it's helpful to have these documents ready for the appraiser:

A plot plan or survey of the house and land (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 home.
Title policy that describes encroachments or easements.
A bill for your most recent real estate taxes which should also contain a legal description of the property.
Any inspection reports, or other recent reports for termites, EIFS (synthetic stucco) wall systems, septic systems and your well.
Brag sheet that lists major home improvements and upgrades, the date of their installation and their cost (for example, the addition of central air conditioning 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".
Any "Homeowners Associations" agreements or, if applicable, condo agreements or fees.
A list of "proposed" improvements when the property is being appraised "as complete".

When the appraiser has arrived, you do not need to accompany him or her along on the entire site inspection, but can be helpful be present to answer inquiries about your property and identify any home improvements.

Here are a few other recommendations:

Accessibility: Appraisers are very detailed in their inspections. You should make sure that all areas of the home are accessible, especially the attic and crawl space.
Housekeeping: Appraisers see many 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.
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 additional things that should be done before they arrive. Some things they may recommend might be: installing a banister on all stairways, ensuring there are electrical receptacles in every room (note: GFI outlets are no longer required) and that each receptacle works, fixing leaky or dripping faucets, fixing broken windows or other glass like doors.