Lake Area Appraisal Firm's appraisal checklist
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By law, the borrower is are entitled to receive a copy of the final appraisal report from the lender.
Just give us a call at (337)602-6222 if you have any questions about the appraisal process.
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To facilitate the appraisal process, it's recommended to have these documents ready for the appraiser:
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A survey or plot map of the property and building (if available).
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Records on the latest purchase of the property in the last three years.
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Information on any written private agreements, such as a shared driveway with a neighbor.
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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.
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Title policy that lists encroachments or easements.
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Most recent real estate tax bill and or legal description of the property.
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Home inspection reports, or other recent reports for termites, EIFS (synthetic stucco) wall systems, septic systems and your well.
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Brag sheet that lists major home improvements and enhancements, the amount of their purchase and date of their installation (for example, the addition of energy efficiency upgrades 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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Information on "Homeowners Associations" or condominium covenants and 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 accompany him or her along on the entire site inspection,
but generally you'll want to be present to answer inquiries about your property and be willing to point out any home improvements.
Here are some other tips:
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Accessibility: Appraisers are very detailed in their inspections. Make sure that all areas of the home are accessible, especially the attic and crawl space.
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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 higher value for your home.
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Maintenance: We generally suggest repairing minor things like leaky faucets, missing door handles and trim.
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FHA and VA Inspection Items: In the case of your borrower 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 arrive. Some items they may recommend might be:
having handrails on all stairways,
ensuring there are electrical receptacles in every room (note: GFI outlets are no longer required) and that each receptacle works,
repairing any faucets that leak or drip, replacing broken glass.
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