Gearing up for an appraisal from Premier Real Estate Services, LLC


	Did you know you, as a borrower, are 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 speed up the appraisal process, it's beneficial to have these documents ready for the appraiser:

A plot plan or survey of the house and land (if readily available).
Information on the latest purchase of the property in the last three years.
Written property agreements, such as a maintenance easement for a shared driveway.
List of personal property to be sold with the home.
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.
Home 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 upgrades, the amount of their purchase and date of their installation (for example, the addition of central air conditioning or roof repairs) and permit confirmation (if available).
Locate 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 "proposed" improvements when the property is being appraised "as complete".

Once your appraiser has arrived, you do not need to escort them along on the entire site inspection, but can be helpful be available to answer questions about your property and identify any home improvements.

Here are a few other suggestions:

Accessibility: Appraisers are very meticulous in their inspections. 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 aren't surprised at seeing a bit of clutter, but they're human beings too! A good impact can mean a better home value.
Maintenance: We generally suggest repairing minor 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 specific things that should be done before they come. Some things they may recommend might be: installing handrails on all stairways, scraping and touching up where there's paint peeling, repairing any faucets that leak or drip, replacing broken glass.