How to Prepare for an Appraisal
appraiser is the gatekeeper (so to speak). It allows the property transactions to occur
among the buyer, seller, real estate agent and mortgage lender.
must be state licensed to perform appraisals prepared for federally related transactions.
Also by law, you are entitled to receive a copy of the completed appraisal report from your
lender. It is against appraisal regulations for the appraiser to provide the borrower with a
copy of the appraisal, unless the lender grants permission. This regulation does not apply
to individual seeking an appraisal.
~ The latest purchase/transaction/refinance of the property
within the last three years
~ List of personal property to be sold with the home
~ Title policy that describes encroachments or easements
entire site inspection, but you should be available to answer questions about your property
and be willing to point out any home improvements.
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