The Affordable Appraisal Store L.L.C.'s appraisal checklist


	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. Just give us a call at (702) 379-1454 if you have any questions about the appraisal process.

To aid the appraisal process, it's beneficial to have these documents 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.
Information on any written private easements, such as a shared driveway with a neighbor.
List of personal property to be sold with the building.
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 your well.
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).
A copy of the current listing agreement with broker's data sheet and purchase agreement if a sale is "pending".
Any "Homeowners Associations" agreements or, if applicable, condo covenants or fees.
A list of "suggested" improvements when the property is being appraised "as complete".

When the appraiser has arrived, you do not need to accompany him or her along on the entire site inspection, but can be helpful be present to answer inquiries about your property and be willing to point out any home improvements.

Here are some other recommendations:

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 a lot of homes a year and will look past most clutter, but they're human beings too! A good impression can translate into a higher home value.
Maintenance: We generally recommend fixing small things like leaky faucets, missing door handles and trim.
FHA and VA Inspection Items: If your borrower is 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 outlet works, repairing any faucets that leak or drip, fixing broken windows or other glass like doors.