Some useful tips to save you time on your appraisal from Elite Appraisal Group

By law, you, as a borrower, are are entitled to receive a copy of the completed appraisal report from the lender. Contact us if you have any questions about the appraisal process.

To simplify the appraisal process, it's helpful to have these documents ready for the appraiser:

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

  • Information 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.

  • 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.

  • Title policy that lists 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, 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).

  • 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 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 generally you'll want to be available to answer inquiries about your property and be willing to point out any home improvements.

Here are a few other tips:

  • Accessibility: Appraisers are very detailed 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 will look past most clutter, but they're human beings too! A good impression can translate into a better home value.

  • Maintenance: We often recommend 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 smoke detectors on every floor of the home and especially near bedrooms, where paint is peeling it should be sanded and repainted, fixing leaky or dripping faucets, fixing broken windows or other glass like doors.