Some nice hints to expedite your appraisal from Appraisal Resources

To appraise a property, an appraiser is required to be licensed by the state when it's a federally related transaction. Just give us a call at (713) 370-4207 if you have any questions about the appraisal process.

To simplify the appraisal process, it's recommended 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.

  • Written property agreements, such as a maintenance agreement for a shared driveway.

  • List of personal property to be sold with the building.

  • Title policy that lists 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, septic systems and wells.

  • A list of any major home improvements and enhancements, the date of their installation and their cost (for example, the addition of energy efficiency upgrades or roof repairs) and permit confirmation (if available).

  • Locate copies of the current listing agreement, broker's data sheet and, if the sale is "pending", the purchase agreement.

  • Information on "Homeowners Associations" or condominium covenants and fees.

  • A list of "proposed" improvements if the property is to be appraised "as complete".

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

Here are some other helpful tips:

  • 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 will look past most clutter, but they're human beings too! A good impact can translate into a better home value.

  • Maintenance: We generally suggest repairing minor 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 things they may recommend might be: installing handrails on all stairways, where paint is peeling it should be scraped and repainted, eliminating pull-chain lights in areas other than the basement or attic.