Some useful hints to expedite your appraisal from Daniel J. Smith Appraisals

By law, an appraiser must be licensed by the state to perform appraisals prepared for federally related transactions. Just give us a call at 4123373584 if you have any questions about the appraisal process.

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

  • A plot plan or survey of the house and land (if available).

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

  • Written property agreements, such as a maintenance easement for a shared driveway.

  • 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.

  • Title policy that lists 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, 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 covenants or fees.

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

Once your appraiser arrives, you do not need to accompany them along on the entire site inspection, but can be helpful be present to answer questions about your property and identify any home improvements.

Here are a few other recommendations:

  • Accessibility: Appraisers are very thorough in their inspections. Make sure that all areas of the home are accessible, especially the attic and crawl space.

  • Housekeeping: Appraisers see hundreds 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 better home value.

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

  • FHA and VA Inspection Items: If your borrower is trying to apply for either an FHA or VA loan, be sure to ask your appraiser if there are specific things that should be done before they come. Some items 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 works, repairing any faucets that leak or drip, replacing broken glass.