Helping the Appraiser
Schedule a free
consultation with our home loan experts.
Once you have selected an appraiser, be prepared to
answer questions and provide requested information.
- What is the purpose of the appraisal?
- When is the required completion date of the appraisal?
- Is property listed for sale and if so, for how much and with whom?
- Is there a mortgage? If so, with whom, when placed,
for how much, type of mortgage [FHA, VA etc.], interest rate, and any other types of financing.
- What personal property, such as appliances, are included ?
- If it is an income producing property, provide a
breakdown of income and expenses for the last year or two and a copy of leases.
- Provide a copy of deed, survey, purchase agreement
or other pertinent papers pertaining to the property.
- Provide a copy of current real estate tax bill, statement of special
assessments, balance owing
and on what [sewer, water, etc.].
- Appraisers have to take pictures to submit their report...Make
sure the subject property is as
clean and neat as possible, this will
have a positive reflection on the appraised value and underwriting
judgment.
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