Preparing for an appraisal from Frezno Appraisal Group


	Did you know the borrower is entitled to receive a copy of the finished appraisal report from the lender? Just give us a call at 5593553071 if you have any questions about the appraisal process.

To speed the appraisal process along as quickly as possible we generally recommend to have these documents, if available, ready for the appraiser:

A plot plan or survey of the house and land (if available).
Any records on the purchase of the property for the last three years.
Written property agreements, such as a maintenance agreement for a shared driveway.
A list of any personal property that will be left behind and sold with the home, such as an oven, or a washer and dryer.
Title policy that describes encroachments or easements.
Most recent real estate tax bill and or legal description of the property.
Home inspection reports, or other recent reports for termites, EIFS (synthetic stucco) wall systems, your septic system and your well.
A list of any major home improvements and upgrades, the date of their installation and their cost (for example, the addition of energy efficiency upgrades or roof repairs) and permit confirmation (if available).
Find copies of the current listing agreement, broker's data sheet and, if the sale is "pending", the purchase agreement.
Information on "Homeowners Associations" or condominium covenants and fees.
A list of "proposed" improvements when the property is being appraised "as complete".

Once your appraiser has arrived, you do not need to escort him or her along on the entire site inspection, but you should be present to answer inquiries about your property and be willing to point out any home improvements.

Here are some other tips:

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.
Housekeeping: Appraisers see hundreds of homes a year and will look past most clutter, but they're human beings too! A good impression can translate into a better value for your home.
Maintenance: We generally suggest repairing small things like leaky faucets, missing door handles and trim.
FHA and VA Inspection Items: In the case of your borrower applying for either an FHA or VA loan, we strongly recommend to ask your appraiser if there are extra things that should be done before they come. Some items they may recommend might be: having handrails on all stairways, where paint is peeling it should be scraped and repainted, eliminating pull-chain lights in areas other than the basement or attic.