How Do I Impress An Appraiser?

Here are eight ways you can bolster your appraisal:

  • MAKE SURE APPRAISER KNOWS YOUR NEIGHBORHOOD.
  • PROVIDE YOUR OWN COMPARABLES.
  • KNOW WHAT ADDS THE MOST VALUE.
  • DOCUMENT YOUR FIX-UPS.
  • TALK UP YOUR TOWN.
  • DISTINGUISH BETWEEN UPSTAIRS AND DOWNSTAIRS.
  • CLEAN UP.
  • GIVE THE APPRAISER SOME SPACE.

How can I get a high home appraisal?

Here are five more home appraisal tips to ensure your home appraises as high as possible.

  1. Make those small repairs you’ve been postponing.
  2. Enhance your home’s curb appeal.
  3. Create a file of all recent improvements, upgrades, and tax documents.
  4. Know the comps in your area.
  5. Don’t be pushy.

What does an appraiser look at?

Specifically, with regard to the exterior of a property, an appraiser looks at the site, the quality of construction, the integrity of the roof and foundation, any issues with the guttering or siding, parking facilities and the home’s observable external condition.

What hurts a home appraisal?

Comparable homes or comps are one of the most important factors affecting appraisal value. An appraiser will take a close look at recently sold, nearby homes with similar bedrooms, bathrooms, updates and square footage to your home. The value of these homes can provide baselines for appraisal value.

Can you talk to an appraiser?

Yes! You Can Talk To The Appraiser! Previously, I wrote a two-part series about how Location is King in real estate. Well, just as location is of utmost importance when it comes to real estate valuation, communication is most important in the day-to-day dealings between homeowners, Realtors and Appraisers.

Does a messy house affect an appraisal?

Impact of Clutter

Unless the amount of clutter begins to affect the structural condition of a home, it will not affect an appraisal. The cleanliness of a home also has no impact on the value. It is not uncommon for an appraiser to walk into a cluttered, messy home.

What adds the most value to a home appraisal?

In general, the higher the market value of your location, the higher your appraisal value. The quality and condition of interior features — such as flooring, walls, windows, doors, appliances, countertops, fixtures, and plumbing — greatly affect your home’s appraised value.

Why does an appraiser come to your house?

A home appraisal is an unbiased estimate of the true (or fair market) value of what a home is worth. All lenders order an appraisal during the mortgage loan process so that there is an objective way to assess the home’s market value and ensure that the amount of money requested by the borrower is appropriate.

What should you not say to an appraiser?

5 things NOT to say to an appraiser if you don’t want to be accused of influencing them

  • “Use these sales, they are the best comps for this house”- There is a fine line in providing comparable sales to the appraiser.
  • “Give me the best appraisal you can”- Appraisers interpret this as “give me the highest value you can”.

How should I prepare for an appraisal?

10 Easy Ways to Prepare Your Home for Appraisal

  1. Be sure to have any safety equipment installed and working properly.
  2. Walk around your home before the appraisal with a critical eye.
  3. Inform your home appraiser of any home improvements you have done on your home.
  4. Do some sprucing up.
  5. Do some research on other homes in the neighborhood.
  6. Clean your heart out.

What negatively affects home appraisal?

Bad neighbors.

Food waste in your immediate area can attract insects, vermin and even mold, all of which can have a negative impact when it goes into a home appraisal. Statistics show that a neighbor’s messy property can lower your appraisal by more than 5-10%.

Does a clean house help an appraisal?

Impact of Clutter

Unless the amount of clutter begins to affect the structural condition of a home, it will not affect an appraisal. The cleanliness of a home also has no impact on the value. It is not uncommon for an appraiser to walk into a cluttered, messy home.

Do appraisers take pictures?

Appraisers are required to take pictures of the exterior of your house. In the interior, they are required to take enough pictures to support the condition rating, with a special focus on bathrooms, kitchen, and other improvements.

Do appraisers ask questions?

Borrowers and real estate agents should ask the appraiser questions about their area knowledge and experience as a method of screening for competency. They are strictly to benefit the owner, seller, real estate agent, lender or, borrower, and ensure that they will receive an appraisal commensurate with the fees paid.

Do appraisers take bribes?

Offering an incentive for an appraiser, assessor or inspector to change the value of your home in your favor is not only bribery, but it can also be a form of fraud.

Should I share appraisal with realtor?

Little to no risk but you don’t have to share your appraisal report. If you don’t plan on sharing it I suggest you call your lender and tell him that you do not want to share the report.

Do appliances count in a home appraisal?

The age and condition of the home’s HVAC units, appliances, and electrical and plumbing systems will be considered in the home’s overall appraised value. Obviously, if these components are in bad shape, this will negatively affect the appraisal.

Can seller be present during home appraisal?

The bottom line is that it is o.k. for the home owner/seller to be present during the appraisal inspection because they can provide valuable information, however it is even more helpful for the agent to be present if that is possible.

Do appraisers look in cabinets?

A decent appraiser will look in your closets because they are supposed to. They have to calculate the total gross living area of a home. If you have been out of town for the last couple of weeks and your house is a mess, then relax. Appraisers will pay the most attention to a home’s size, exterior, and interior.