Nace Appraisal Group 's appraisal to-do list


	To appraise a property, an appraiser is legally required to be licensed by the state when it's a federally related transaction. Just give us a call at 631-549-7114 if you have any questions about the appraisal process.

To speed up the appraisal process, it's recommended to have these documents ready for the appraiser:

A survey or plat map of the property and building (if available).
Records on the latest purchase of the property in the last three years.
Information on any written private easements, such as a shared driveway with a neighbor.
List of personal property to be sold with the building.
Title policy that lists encroachments or easements.
A bill for your most recent real estate taxes which should also contain a legal description of the property.
Any inspection reports, or other recent reports for termites, EIFS (synthetic stucco) wall systems, septic systems and your well.
Brag sheet that lists major home improvements and enhancements, the amount of their purchase and date of their installation (for example, the addition of insulation or roof repairs) and permit confirmation (if available).
A copy of the current listing agreement with broker's data sheet and purchase agreement if a sale is "pending".
Information on "Homeowners Associations" or condominium covenants and fees.
A list of "suggested" improvements if the property is to be appraised "as complete".

When the appraiser has arrived, you do not need to accompany them along on the entire site inspection, but it's helpful be present to answer inquiries about your property and be willing to point out any home improvements.

Here are a few other suggestions:

Accessibility: Appraisers are very meticulous in their inspections. We recommend that all areas of the home are accessible.
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 higher value for your home.
Maintenance: We often suggest repairing minor things like leaky faucets, missing door handles and trim.
FHA and VA Inspection Items: If your borrower is trying to apply 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, removing and repainting where there's paint peeling, repairing any faucets that leak or drip, replacing broken glass.