Baybrooke Appraisal

Gearing up for an appraisal from Baybrooke Appraisal

By law, the borrower is are entitled to receive a copy of the final appraisal report from the lender. Just give us a call at 4178302860 if you have any questions about the appraisal process.

To speed up the appraisal process, it's helpful to have these documents ready for the appraiser:

  • A plot plan or survey of the house and land (if readily available).

  • Records on the latest purchase of the property in the last three years.

  • Written property agreements, such as a maintenance agreement for a shared driveway.

  • A list of any personal property that will be left behind and sold with the home, such as an oven, or a washer and dryer.

  • Any paperwork, such as a title policy with information on encroachments or easements encroachments or easements.

  • Home inspection reports, or other recent reports for termites, EIFS (synthetic stucco) wall systems, your septic system and your well.

  • Brag sheet that lists 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".

  • Any "Homeowners Associations" agreements or, if applicable, condo agreements or fees.

  • A list of "suggested" improvements when the property is being appraised "as complete".

When the appraiser arrives, you do not need to accompany them along on the entire site inspection, but it's helpful be available to answer inquiries about your property and identify any home improvements.

Here are some other helpful recommendations:

  • Accessibility: Appraisers are very meticulous in their inspections. Make sure that all areas of the home are accessible, especially the attic and crawl space.

  • Housekeeping: Appraisers see quite a few of homes a year and are no strangers to clutter, but they're human beings too! A good impression can mean 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, definitely ask your appraiser if there are specific things that should be done before they arrive. Some items they may recommend might be: installing handrails on all stairways, scraping and repainting where there's paint peeling, repairing any faucets that leak or drip, fixing broken windows or other glass like doors.