Some great tips to expedite your appraisal from Appraise Ohio, LLC
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By law, an appraiser must be state licensed to perform appraisals prepared for federally related transactions - i.e. transactions related to Freddie Mac, Office of Thrift Supervision and the like.
Just give us a call at 6142048601/6143290599 if you have any questions about the appraisal process.
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To simplify the appraisal process, it's recommended to have these documents ready for the appraiser:
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A survey or plot map of the property and building (if available).
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Any information on the purchase of the property for the last three years.
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Information on any written private easements, such as a shared driveway with a neighbor.
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List of personal property to be sold with the home.
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Title policy that describes encroachments or easements.
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Most recent real estate tax bill and or 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 wells.
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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 energy efficiency upgrades 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".
When the appraiser arrives, you do not need to escort him or her along on the entire site inspection,
but is usually helpful be available to answer inquiries about your property and identify any home improvements.
Here are a few other suggestions:
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Accessibility: Appraisers are very thorough in their inspections. You should make sure that all areas of the home are accessible, especially the attic and crawl space.
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Housekeeping: Appraisers see hundreds of homes a year and are no strangers to clutter, but they're human
beings too! A good impact can mean a better home value.
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Maintenance: We often suggest fixing 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, definitely ask your appraiser if there are extra things that should be done before they come. Some items they may recommend might be:
having handrails on all stairways,
where paint is peeling it should be removed and repainted,
eliminating pull-chain lights in areas other than the basement or attic.
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