Home appraisal - a necessary event when it comes to selling or refinancing your home. Have a realistic attitude about what your home is actually worth. Compare your home to others that have sold in your neighborhood.
The appraiser will need approximately 30 minutes to 1 hour to complete the inspection phase of the appraisal process, which includes: exterior photos of the front and rear of the home and a photo of the street in front of the property; measurements of the exterior of the home, garage and any outbuildings; a walk-through inspection of all rooms and levels of the interior of the home including the basement.
Here a quick checklist that will help you get ready for your appraisal and get the results you're looking for:
- Be flexible when scheduling the appointment - exterior shots require daylight.
- A copy of the blueprints or survey would help in verifying measurements and lot size.
- Provide a list of improvements made to the property since the purchase with costs, i.e. a pool, patio, updated kitchen or bathroom, room additions, etc.
- Access to the property, including access to any crawl space or attic areas is important.
- A clean home makes a good impression - trim the lawn, clean the pool and garage, repair cracked windows or torn screens, check for leaky faucets and secure gutters and down spouts.
- Point out any amenities that may not be obvious to the appraiser: sprinkler systems, patios, pools, security systems, built in vacuum, etc.
- Provide a copy of last year's tax assessment information.
- Know what year the house was built and when improvements were made.
- A list of recent sales of similar properties in the immediate neighborhood would be helpful - the first thing appraisers look for is comparables.
- Contact one of our senior loan officers today for further details about your home appraisal.