Young Appraisal Company, Inc.'s appraisal checklist


	Legally, an appraiser must be licensed by the state to perform appraisals prepared for federally related transactions. Just give us a call at (817) 428-9776 if you have any questions about the appraisal process.

To make your appraisal process go as smoothly as possible we generally recommend to have these documents, if available, ready for the appraiser:

A plot plan or survey of the house and land (if available).
Records on the latest purchase of the property in the last three years.
Information on any written private agreements, such as a shared driveway with a neighbor.
List of personal property to be sold with the building.
Title policy that describes encroachments or easements.
Most recent real estate tax bill and or legal description of the property.
Any 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 upgrades, the amount of their purchase and date of their installation (for example, the addition of central air conditioning 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".
Information on "Homeowners Associations" or condominium covenants and fees.
A list of "proposed" improvements if the property is to be appraised "as complete".

Once your appraiser has arrived, you do not need to accompany them along on the entire site inspection, but is usually helpful be available to answer inquiries about your property and be willing to point out any home improvements.

Here are some other tips:

Accessibility: Appraisers are very detailed in their inspections. We recommend that all areas of the home are accessible, especially the attic and crawl space.
Housekeeping: Appraisers see hundreds 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 recommend repairing 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, we strongly recommend to ask your appraiser if there are additional things that should be done before they come. Some items they may recommend might be: having smoke detectors on all levels and especially near bedrooms, ensuring there are electrical receptacles in every room and that each outlet works, repairing any faucets that leak or drip, replacing broken glass.