Gautreaux Appraisal Services, LLC. 's appraisal checklist
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To appraise a property, an appraiser is required to be licensed by the state when it's a federally related transaction.
Contact us if you have any questions about the appraisal process.
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To facilitate the appraisal process, it's helpful to have these documents 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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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 will be left behind and 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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Any 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 energy efficiency upgrades or roof repairs) and permit confirmation (if available).
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Find copies of the current listing agreement, broker's data sheet and, if the sale is "pending", the purchase agreement.
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Information on "Homeowners Associations" or condominium covenants and fees.
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A list of "proposed" improvements if the property is to be appraised "as complete".
When the appraiser arrives, you do not need to escort him or her along on the entire site inspection,
but you should be available to answer inquiries about your property and be willing to point out any home improvements.
Here are some other helpful suggestions:
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Accessibility: Appraisers are very detailed in their inspections. We recommend 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 will look past most clutter, but they're human
beings too! A good impression can mean a better value for your home.
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Maintenance: We often suggest fixing small 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, be sure to ask your appraiser if there are additional things that should be done before they come. Some things they may recommend might be:
installing smoke detectors on all levels and especially near bedrooms,
ensuring there are electrical receptacles in every room and that each outlet works,
eliminating pull-chain lights in areas other than the basement or attic.
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