How to prepare for an appraisal

How to prepare for an appraisal

It is not often that you have an appraisal done on your home, especially if you haven’t been in the market to sell home after home. One of the first things that come to mind is, “What do I need to get ready for this?”.  Here are some helpful tips you can do to prepare for an appraiser to come to your home.

appraisalsMake sure the appraiser knows your neighborhood:  While most appraisers will know your neighborhood, there are sometimes some intricacies that need to be pointed out. Some appraisers are not from the area, so be sure to ask if there is something specific they should know about the area.

You don’t need to have the house cleaned:  Appraisers try to view your home as a potential buyer. While it would be nice if every home was professionally cleaned, that may not always be the case. They inspect hundreds of homes per year and can look pass the “messy teenagers room” or the dishes in the sink.

Information on recent similar sales in your neighborhood:  If you are aware of a home in your neighborhood that is similar to yours and was recently sold as a private sale or FSBO, be sure to let them know. Also, if you have any information on similar sales in your neighborhood that are similar to yours but had extenuating circumstances (divorce, estate sale, pipe had burst and the house had major water damage, etc.), you will want to bring that to the appraiser’s attention.  Sometimes the information is disclosed on the MLS, but not always so it never hurts to let them know.

List of updating and repairs:  The appraiser is going to ask you about recent updating/repairs you have completed.  It would be helpful if you think about this ahead of time and make a list of upgrades, estimated costs, and a general time frame of when each item was completed.

Although we do not get involved with appraisals for closings, we always want to share any information related to your real estate transaction.

Title Junction is a full service real estate title company serving the area of Fort Myers, Cape Coral and the entire state of Florida since 2005. The company handles a number of real estate title services for both commercial and residential properties. Employees of Title Junction can also act as a witness in courtesy closings as well as an escrow agent or a notary public.

Please contact Jennifer Ferri of Title Junction, LLC for further information @ 239-415-6574 or www.title-junction.com

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Posted on August 22, 2014, in Title and tagged , , , , , , , , , , . Bookmark the permalink. Leave a comment.

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