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Some useful tips to help the appraisal process
from the NC Appraisal Center

By law, you, as a borrower, are are entitled to receive a copy
of the final appraisal report from the lender.
Contact us if you have any questions about the appraisal process.

To assist in the appraisal process, it can be 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.

  • Information on any written private agreements or easements, such as a shared driveway with a neighbor.

  • A list of any personal property that is part of the home and you intend to be sold with the home, such as a refrigerator, or a washer and dryer.

  • Title policy that describes encroachments or easements.

  • A bill for your most recent real estate taxes which should also contain a legal description of the property.

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

  • A list of major home improvements and enhancements, the amount of their purchase and date of their installation (for example, the addition of energy efficiency upgrades or roof repairs) and permit confirmation (if available).

  • Copies of the current listing agreement, broker's data sheet and, if the sale is "pending", the purchase agreement (if applicable).

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

  • A list of "proposed" improvements when the property is being appraised "subject to completion".

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

Here are some other suggestions:

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

  • Housekeeping: Appraisers see many homes a year and are no strangers to clutter, but too much clutter can make it difficult to effectively evaluate your homes features. 

  • Maintenance: We often suggest repairing minor things like leaky faucets, missing door handles and trim.

  • FHA and VA Inspection Items: In the case of a borrower applying for either an FHA or VA loan, there are additional inspection requirements. Definitely ask your appraiser if there are specific things that should be done before they come. Some things they may recommend might be: having smoke detectors on all levels and especially near bedrooms, ensuring there are electrical receptacles in every room (note: GFI outlets are no longer required) and that each outlet works, fixing leaky or dripping faucets, fixing broken windows and/or glass doors, repairing any peeling paint especially if your home was built before 1978. Homes built before this date are subject to lead based paint hazards.