Some useful hints to expedite your appraisal from M Davies Appraisal LLC


	To appraise a property, an appraiser is legally required to be licensed by the state when the transaction involves any federal financial regulatory agency such as Freddie Mac, Office of Thrift Supervision, and the like. Just give us a call at 203-913-4529 if you have any questions about the appraisal process.

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

A survey or plot map of the property and building (if available).
Any records on the purchase of the property for 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.
Title policy that lists encroachments or easements.
Most recent real estate tax bill and or legal description of the property.
Any inspection reports, or other recent reports for termites, EIFS (synthetic stucco) wall systems, your septic system and wells.
Brag sheet that lists major home improvements and enhancements, the date of their installation and their cost (for example, the addition of insulation 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 covenants or fees.
A list of "proposed" improvements when the property is being appraised "as complete".

Once your appraiser arrives, you do not need to accompany them along on the entire site inspection, but is usually helpful be present to answer questions about your property and be willing to point out any home improvements.

Here are a few other helpful recommendations:

Accessibility: Appraisers are very detailed in their inspections. We recommend that all areas of the home are accessible, especially the attic and crawl space.
Housekeeping: Appraisers see many of homes a year and aren't surprised at seeing a bit of clutter, but they're human beings too! A good impression can mean a better home value.
Maintenance: We often suggest repairing minor things like leaky faucets, missing door handles and trim.
FHA and VA Inspection Items: In the case of your borrower trying to apply for either an FHA or VA loan, we strongly recommend to ask your appraiser if there are extra things that should be done before they come. Some things they may recommend might be: having a banister on all stairways, where paint is peeling it should be scraped and repainted, eliminating pull-chain lights in areas other than the basement or attic.