Some great hints to expedite your appraisal from South Eastern Appraisal, Inc.
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To appraise a property, an appraiser is required to be licensed by the state when it's a federally related transaction.
Just give us a call at 606-679-7339 if you have any questions about the appraisal process.
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To simplify the appraisal process, it's recommended to have these documents ready for the appraiser:
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A plot plan or survey of the house and land (if available).
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Records on the latest purchase of the property in the last three years.
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Information on any written private agreements, such as a shared driveway with a neighbor.
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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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Any paperwork, such as a title policy with information on encroachments or easements encroachments or easements.
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Most recent real estate tax bill and or 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 upgrades, the date of their installation and their cost (for example, the addition of central air conditioning or roof repairs) and permit confirmation (if available).
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Find copies of the current listing agreement, broker's data sheet and, if the sale is "pending", the purchase agreement.
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Information on "Homeowners Associations" or condominium covenants and fees.
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A list of "proposed" improvements when the property is being appraised "as complete".
When the appraiser has arrived, you do not need to escort them along on the entire site inspection,
but is usually helpful be present to answer inquiries about your property and identify any home improvements.
Here are some other helpful tips:
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Accessibility: Appraisers are very meticulous 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 impact can translate into a better home value.
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Maintenance: We generally recommend fixing small things like leaky faucets, missing door handles and trim.
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FHA and VA Inspection Items: If your borrower is 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 come. Some items they may recommend might be:
installing handrails on all stairways,
where paint is peeling it should be sanded and repainted,
eliminating pull-chain lights in areas other than the basement or attic.
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