How to Prepare for an Appraisal

A Real Estate Appraisal Is The Ultimate Tool For Buying Or Selling A Home.

Before an Appraiser arrives, there are a few things you should know. By law, an appraiser must be state licensed to perform appraisals prepared for federally related transactions. Also by law, you are entitled to receive a copy of the completed appraisal report from your lender.

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

• A copy of the house plans (blue prints) and/or a prior appraisal if available.
• Written property agreements, such as a maintenance agreement for a shared driveway.
• Info. sheet that lists major home improvements and upgrades, the date of their installation, and their cost, (for example: the addition of a new garage or roof) and permit confirmation, if available.
• A copy of the current listing agreement and broker's data sheet and purchase agreement. (if a sale is "pending")
• Information on any "Homeowners Association": Dues paid, as well as the name     & phone number of the property management company. 

Here are some other suggestions:

• Accessibility: Make sure that all areas of the home are accessible and secure any dogs so that the appraiser can easily get in and around your home. 
• Maintenance: Repair minor things like missing paint, tiles, or trim.
• Appointment: If you can not be there yourself to let the appraiser in, please make sure that the person there is 18 years or older.