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APPRAISALS
• Appraisal Basics
• Appraisal Methods
• When To Order An Appraisal
• Appraisal To Establish House Market Price
• Appraisal Needed To Obtain Loan
• Helping The Appraiser
<< Back to Mortgage Basics
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 income producing 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.].
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