Gearing up for an appraisal from Nagle Appraisal LLC
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To appraise a property, an appraiser needs to be licensed by the state when the transaction involves any federal financial regulatory agency such as Fannie Mae, FDIC, etc.
Just give us a call at 9376099305 if you have any questions about the appraisal process.
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To speed the appraisal process along as quickly as possible we generally recommend to have these documents, if available, ready for the appraiser:
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A plot plan or survey of the house and land (if available).
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Any information on the purchase of the property for the last three years.
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Written property agreements, such as a maintenance easement for a shared driveway.
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List of personal property to be sold with the building.
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Title policy that describes encroachments or easements.
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A bill for your most recent real estate taxes which should also contain a legal description of the property.
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Home inspection reports, or other recent reports for termites, EIFS (synthetic stucco) wall systems, your septic system and wells.
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A list of any 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).
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A copy of the current listing agreement with broker's data sheet and purchase agreement if a sale is "pending".
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Any "Homeowners Associations" agreements or, if applicable, condo covenants or fees.
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A list of "suggested" improvements if the property is to be appraised "as complete".
When the appraiser has arrived, you do not need to escort them along on the entire site inspection,
but is usually helpful be present to answer inquiries about your property and be willing to point out any home improvements.
Here are a few other suggestions:
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Accessibility: Appraisers are very meticulous in their inspections. You should make sure that all areas of the home are accessible, especially the attic and crawl space.
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Housekeeping: Appraisers see a lot of homes a year and are no strangers to clutter, but they're human
beings too! A good impact can mean a higher home value.
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Maintenance: We generally suggest fixing minor things like leaky faucets, missing door handles and trim.
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FHA and VA Inspection Items: If your borrower is applying for either an FHA or VA loan, definitely ask your appraiser if there are extra things that should be done before they come. Some things they may recommend might be:
installing a banister on all stairways,
removing and touching up where there's paint peeling,
fixing leaky or dripping faucets, fixing broken windows or other glass like doors.
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