Some useful tips to expedite your appraisal from Neu Real Estate


	To appraise a property, an appraiser is required to be licensed by the state when the transaction involves any federal financial regulatory agency such as Fannie Mae, FDIC, etc. Contact us if you have any questions about the appraisal process.

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

A plot plan or survey of the house and land (if readily available).
Any information on the purchase of the property for 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 paperwork, 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, septic systems and wells.
A list of any major home improvements and enhancements, 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).
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".

Once your appraiser arrives, you do not need to accompany them along on the entire site inspection, but generally you'll want to be present to answer questions about your property and be willing to point out any home improvements.

Here are some other helpful 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 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 often recommend repairing minor things like leaky faucets, missing door handles and trim.
FHA and VA Inspection Items: In the case of your borrower trying to apply for either an FHA or VA loan, definitely ask your appraiser if there are extra things that should be done before they arrive. Some things they may recommend might be: having handrails on all stairways, where paint is peeling it should be removed and repainted, fixing leaky or dripping faucets, fixing broken windows or other glass like doors.