TIPS FOR GETTING YOUR LISTINGS THROUGH THE APPRAISAL PROCESS EASIER
1. Provide comparable sales the appraiser can use
Providing the appraiser with sales you used to price your listing is useful. Also consider providing other area sales you feel are good matches for the property. Ultimately, they should be similar in style, size, age and location, which have sold within the past 6 months.
3. Prepare a list of major improvements, their cost & date
Let the appraiser know what has been updated or renovated by making a list all major improvements, especially for kitchens and baths, with the approximate date they were completed and their cost to complete.
If the subject is in a condo complex, provide the HOA fee for the subject and consider having information on the number of rentals (investor owned properties). Obtaining this info can sometimes cause a delay in the appraisal process.
6. Consider Preparing an "Appraisers Package"
The package would include the subject's property card (from the assessor's department), a copy of the deed, plat map and any other pertinent info about the property.
For FHA financing, have the heat already on when the appraiser arrives. Often the appraiser cannot wait an hour or more until all the rooms heat up. Heating and cooling are required inspection items. Also ensure there is access to the attic if there is one. Know and point out location of well and septic if applicable. Use the FHA checklist to ensure there are no other potential issues.
2. Has a major renovation taken place?
If so, ensure all building permits are in place. Ensure any required building department inspections have occurred, certificate of occupancy issued or that the building dept. has signed off on the work.
Tammy Heeber, Certified residential real estate appraiser
Appraisal Source, LLC