Grace and Sons Appraisal's appraisal to-do list

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

To help the appraisal go as smoothly as possible we generally recommend to have these documents, if available, ready for the appraiser:

• A survey or plot map of the property and building (if available).

• Any records on the purchase of the property for the last three years.

• Information on any written private easements, such as a shared driveway with a neighbor.

• 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.

• Any documents, such as a title policy with information on encroachments or easements encroachments or easements.

• Most recent real estate tax bill and or legal description of the property.

• Any inspection reports, or other recent reports for termites, EIFS (synthetic stucco) wall systems, your septic system and wells.

• Brag sheet that lists major home improvements and enhancements, the date of their installation and their cost (for example, the addition of central air conditioning or roof repairs) and permit confirmation (if available).

• Find copies of the current listing agreement, broker's data sheet and, in the event of a pending sale.

• Any "Homeowners Associations" agreements or, if applicable, condo covenants or fees.

• A list of "suggested" improvements if the property is to be appraised "as complete".

Once your appraiser has arrived, you do not need to accompany him or her along on the entire site inspection, but you should be available to answer questions about your property and identify any home improvements.

Here are a few other tips:

• Accessibility: Appraisers are very thorough in their inspections. We recommend that all areas of the home are accessible, especially the attic and crawl space.

• Housekeeping: Appraisers see quite a few of homes a year and are no strangers to clutter, but they're human beings too! A good impact can mean a better value for your home.

• Maintenance: We often recommend fixing small things like leaky faucets, missing door handles and trim.

• FHA and VA Inspection Items: If your borrower is applying 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: installing smoke detectors on every floor of the home and especially near bedrooms, ensuring there are electrical receptacles in every room (note: GFI outlets are no longer required) and that each outlet works, fixing leaky or dripping faucets, replacing broken glass.