Sleadd Appraisals 502.291.5588's appraisal to-do list


	By law, an appraiser must be state licensed to perform appraisals prepared for federally related transactions - i.e. transactions related to OTS, FDIC, etc.... Just give us a call at 502-291-5588 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 plot plan or survey of the house and land (if readily available).
Any records on the purchase of the property for the last three years.
Written property agreements, such as a maintenance easement for a shared driveway.
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.
Home inspection reports, or other recent reports for termites, EIFS (synthetic stucco) wall systems, your septic system and your well.
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).
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 "proposed" improvements when the property is being appraised "as complete".

When the appraiser arrives, you do not need to escort them along on the entire site inspection, but you should be present to answer questions about your property and identify any home improvements.

Here are a few other recommendations:

Accessibility: Appraisers are very meticulous in their inspections. We recommend that all areas of the home are accessible, especially the attic and crawl space.
Housekeeping: Appraisers see many of homes a year and will look past most clutter, but they're human beings too! A good impression can mean a higher home value.
Maintenance: We often suggest fixing 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, be sure to ask your appraiser if there are additional things that should be done before they come. Some items they may recommend might be: putting smoke detectors on every floor of the home and especially near bedrooms, ensuring there are electrical receptacles in every room and that each outlet functions, eliminating pull-chain lights in areas other than the basement or attic.