It is not difficult to prepare for a residential real estate appraisal. Whenever the loan is approved, an appraiser is assigned to the property by the lender or in the case of loan veterans, by the VA itself. The lender must give out the assignment order as well as the sale agreement. The appraiser is responsible for reviewing the sale contract whenever they are assigned to the property. There is no sale contract for refinancing situations and other types of request.
The house to be appraised should be accessible all the time to avoid unnecessary inconveniences. Majority of appraisers belong to the local board of realtors and usually own a lockbox key. If tenants occupy the house, the appraisal process works best if the listing agent is used to plan the appointments. The tenant can feel comfortable because they are conversant with the listing agent and they are not a stranger.
It will benefit the owner of the home if they keep the house clean and in order. It is advisable to create a first good impression to the appraiser as they see the house from the viewpoint of the buyer. Appraisers often visit the home when the owner is in the middle of moving out, this means boxes and other items are not in order. That is okay. The appraiser does not mind the current condition of the house; instead, they want to inspect every corner of the house the garage included.
When you know that the appraiser is visiting, makes all the places in the house accessible as they would want to look at the garage, the water heater and the AC closets. One of the things that appraisers do not like is to encounter thorny or impassible trees next to the property. The reason they do like the thorns is because at some point they will want to take measurements of the exterior of the house and with the thorns it is quite challenging.
Some of the setbacks in the appraisal work are the presence of dogs that can be vicious and dangerous to the appraiser. Dogs should not be left to wonder in the property when the owner knows the appraisal guys are coming that day. The homeowner should not put the dog inside a garage and not put them in a cage since the appraiser will want to enter the garage as well.
It is good for the owner of the property to leave when an appraisal is being done. Appraisers, however, need them to be home in case of pets in the property. If no one is home, the burglar alerts should be off if the appraiser is visiting.