Helping the Appraiser

Once you have selected an appraiser, be prepared to answer questions and provide requested information.

• What is the purpose of the appraisal?
• When is the required completion date of the appraisal?
• Is property listed for sale and if so, for how much and with whom?
• Is there a mortgage? If so, with whom, when placed, for how much, type of mortgage [FHA, VA etc.], interest rate, and any other types of financing.
• What personal property, such as appliances, are included ?
• If it is an income­producing property, provide a breakdown of income and expenses for the last year or two and a copy of leases.
• Provide a copy of deed, survey, purchase agreement or other pertinent papers pertaining to the property.
• Provide a copy of current real estate tax bill, statement of special assessments, balance owing and on what [sewer, water, etc.]

• Appraisal Basics
• Appraisal Methods
• Appraisal To Establish Value
• Appraisal Needed To Obtain Loan
• Helping The Appraiser

When To Order An Appraisal