#Home appraiser checklist mac

The best thing you can do during the appraisal process is to have clear communication and swift responses with the appraiser to keep things moving forward. Walk around your home before the appraisal with a critical eye.

It’s in your best interest to have these photos reflect a clean, well-maintained property.ĬOVID-19 TIP: Keep in mind, like other facets of real estate during a pandemic, appraisals may take a bit longer. Be sure to have any safety equipment installed and working properly. These photos will be viewed by your lender’s underwriter who will approve your loan.

The appraiser will need to access the entire home and is required to take photographs of the interior and exterior.

Simple fixes can increase the value of your property, a well-maintained home adds to the overall appeal and that may translate to more worth.

Create a checklist of projects and minor repairs in and around your home, giving yourself ample time to address before the day of your appraisal.

Some items they may recommend might be: installing a banister on all stairways, scraping and repainting where there's paint peeling, eliminating pull-chain lights in areas other than the basement or attic.By preparing for the appraisal ahead of time, you’re more likely to get an accurate valuation that reflects your home’s value.

įHA 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 arrive. This home appraisal checklist covers everything you need to know about getting your home appraised, from start to finish.

Maintenance: We generally suggest fixing small things like leaky faucets, missing door handles and trim. Rarely it’s caused by an error, but most of the time it’s because the appraiser wasn’t able to justify a higher value. Sometimes a home doesn’t appraise for the amount that was expected. Housekeeping: Appraisers see a lot of homes a year and are no strangers to clutter, but they're human beings too! A good impression can mean a better value for your home. From there, they can contact the appraiser and schedule a new appointment to reassess the home. You should make sure that all areas of the home are accessible, especially the attic and crawl space. Most fall somewhere around 600-1,000, with costs based primarily on the geographical area of the home.

While home appraisal costs can vary according condition and property size, the fee can range between 300 and 1,200. Once your appraiser has arrived, you do not need to escort him or her along on the entire site inspection, but can be helpful be available to answer questions about your property and be willing to point out any home improvements.Īccessibility: Appraisers are very meticulous in their inspections. Home Appraisal Checklist FHA Home Appraisal Checklist. Ī list of 'proposed' improvements if the property is to be appraised 'as complete'.Īny 'Homeowners Associations' agreements or, if applicable, condo agreements or fees.Ī copy of the current listing agreement with broker's data sheet and purchase agreement if a sale is 'pending'.Ī list of any major home improvements and enhancements, the amount of their purchase and date of their installation (for example, the addition of insulation or roof repairs) and permit confirmation (if available).Home inspection reports, or other recent reports for termites, EIFS (synthetic stucco) wall systems, your septic system and your well.

#Home appraiser checklist mac

Ī bill for your most recent real estate taxes which should also contain a legal description of the property. If manufactured home, is appraisal done on Fannie Mae Form 1004C or Freddie Mac Form 70C Note: Modular homes can be compared to similar quality stickbuilt homes.Īny documents, such as a title policy with information on encroachments or easements encroachments or easements.Ī list of any personal property that will be left behind and sold with the home, such as an oven, or a washer and dryer.Information on any written private easements, such as a shared driveway with a neighbor. Īny records on the purchase of the property for the last three years.

To speed up the appraisal process, it's beneficial to have these documents ready for the appraiser:Ī plot plan or survey of the house and land (if available). Just give us a call at 57 if you have any questions about the appraisal process. To appraise a property, an appraiser needs to be licensed by the state when it's a federally related transaction. KRANTZ COMPANIES, LLC's appraisal checklist