WHAT TO DO WHEN YOU APPRAISAL HAS BEEN ORDERED?

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Congratulations on taking this significant step toward your financial goals! To ensure your appraisal goes off without a hitch, we've put together ten essential tips that will help you get closer to securing your funds. If you're the buyer, don't forget to share these tips with the seller to streamline the process further.

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‍1. Share Your Property Improvements. Have you recently made improvements to your property? Make sure to communicate the scope of work you've completed to the appraiser. This information will assist them in making the most accurate assessment of your property's value.

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‍2. Post-Renovation Cleanup. If you've just completed renovations, ensure there are no construction materials lying around, such as buckets, power tools, or floor coverings. A tidy space makes a positive impression.

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‍3. Smoke Detectors Matter. Ensure all smoke detectors are installed and in working order, with fresh batteries. This small detail can prevent the need for a follow-up inspection.

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‍4. Tackle Potential Hazards. Before the appraiser arrives, take care of any potential hazards on the property. Addressing safety concerns in advance demonstrates your commitment to maintaining the property.

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‍5. Notify Tenants in Advance. If there are tenants currently occupying the property, give them a heads-up about the appraiser's visit at least 24 hours in advance. This courtesy ensures a smoother process.

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‍6. Grant Access to All Areas. Be prepared to grant the appraiser access to all areas they request. Failure to do so may result in an incomplete appraisal, necessitating another inspection.

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‍7. Spruce Up Your Space. Clean your property as thoroughly as possible before the appraiser's arrival. A well-maintained space leaves a positive impression.

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‍8. Address Deferred Maintenance. If there's deferred maintenance on the property, ensure that the cost to fix any issues does not exceed $500. If you're the buyer, make sure to communicate this with the seller. Examples of deferred maintenance include a leaking ceiling, rotted wood, loose tiles, an unsecured water heater, a missing stove, or heating problems.

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‍9. Clear Clutter from Yard. Don't overlook the exterior – make sure both the front and back yards are free from clutter. A tidy outdoor space contributes to your property's curb appeal. By following these ten tips, you'll be well-prepared for your property appraisal, whether you're a homeowner or a buyer.

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Remember that a smooth appraisal process can bring you one step closer to achieving your financial goals. Feel free to reach out if you have any questions or need further assistance. We're here to help you navigate the appraisal process successfully!