Action Appraisal, Inc's appraisal checklist

By law, you, as a borrower, are are entitled to receive a copy of the completed appraisal report from the lender. Just give us a call at 772-220-7974 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 plot plan or survey of the house and land (if available).

  • Any records on the purchase of the property for the last three years.

  • Written property agreements, such as a maintenance agreement 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.

  • Home inspection reports, or other recent reports for termites, EIFS (synthetic stucco) wall systems, your septic system and wells.

  • Brag sheet that lists major home improvements and upgrades, the amount of their purchase and date of their installation (for example, the addition of insulation 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 accompany him or her along on the entire site inspection, but can be helpful be available to answer questions about your property and identify any home improvements.

Here are some other helpful suggestions:

  • 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 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 translate into a higher value for your home.

  • Maintenance: We generally recommend repairing small things like leaky faucets, missing door handles and trim.

  • FHA and VA Inspection Items: In the case of your borrower applying for either an FHA or VA loan, definitely ask your appraiser if there are specific things that should be done before they come. Some items they may recommend might be: installing a banister on all stairways, ensuring there are electrical receptacles in every room (note: GFI outlets are no longer required) and that each receptacle functions, fixing leaky or dripping faucets, replacing broken glass.