Getting ready for an appraisal from Klein Appraisals, LLC
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Legally, an appraiser must be state licensed to perform appraisals prepared for federally related transactions.
Contact us if you have any questions about the appraisal process.
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To make your appraisal process go as smoothly as possible we generally recommend to have these documents, if available, 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 records on the purchase of the property for the last three years.
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Written property agreements, such as a maintenance agreement for a shared driveway.
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A list of any personal property that is part of the home and you intend to be sold with the home, such as an oven, or a washer and dryer.
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Title policy that describes encroachments or easements.
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A bill for your most recent real estate taxes which should also contain a legal description of the property.
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Home inspection reports, or other recent reports for termites, EIFS (synthetic stucco) wall systems, septic systems and your well.
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Brag sheet that lists major home improvements and enhancements, the date of their installation and their cost (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 when the property is being appraised "as complete".
When the appraiser arrives, you do not need to escort him or her along on the entire site inspection,
but generally you'll want to 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 many of homes a year and will look past most clutter, but they're human
beings too! A good impression can translate into a higher value for your home.
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Maintenance: We often suggest fixing small 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 specific things that should be done before they arrive. Some things they may recommend might be:
having smoke detectors on every floor of the home and especially near bedrooms,
ensuring there are electrical receptacles in every room and that each outlet works,
eliminating pull-chain lights in areas other than the basement or attic.
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