Guides

Appraisal Articles

Appraisal Basics

Appraisal Methods

Reasons for an Appraisal

Other Reasons to Order an Appraisal

Helping the Appraiser

Helping the Appraiser

Once you have selected an appraiser, be prepared to answer questions and provide requested information such as:

• What is the purpose of the appraisal?
• When is the required completion date of the appraisal?
• Is the property listed for sale and if so, for how much and with whom?
• Is there a mortgage? If so, with whom, when was it placed, for how much, type of mortgage [FHA, VA etc.], interest rate, and are there any other types of financing.
• What personal property, such as appliances, are included ?
• If it is an income producing property, a breakdown of income and expenses for the last year or two and a copy of leases.
• A copy of deed, survey, purchase agreement or other pertinent papers pertaining to the property.
• A copy of current real estate tax bill, statement of special assessments, balance owing and on what [sewer, water, etc.].