Gearing up for an appraisal from Boldrick Appraisal


	To appraise a property, an appraiser is required to be licensed by the state when the transaction involves any federal financial regulatory agency such as Fannie Mae, FDIC, etc. Just give us a call at (512) 674-5600 if you have any questions about the appraisal process.

To aid 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).
Records on the latest purchase of the property in the last three years.
Written property agreements, such as a maintenance agreement for a shared driveway.
A list of any personal property that is part of the home and you intend to be 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, septic systems and wells.
Brag sheet that lists major home improvements and upgrades, 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 agreements or fees.
A list of "suggested" improvements when the property is being appraised "as complete".

When the appraiser has arrived, you do not need to escort them along on the entire site inspection, but can be helpful be present to answer inquiries about your property and be willing to point out any home improvements.

Here are a few other helpful recommendations:

Accessibility: Appraisers are very thorough in their inspections. Make sure that all areas of the home are accessible, especially the attic and crawl space.
Housekeeping: Appraisers see a lot of homes a year and will look past most clutter, but they're human beings too! A good impact can mean a higher home value.
Maintenance: We often suggest fixing 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 specific things that should be done before they arrive. Some things they may recommend might be: installing smoke detectors on all levels and especially near bedrooms, scraping and repainting where there's paint peeling, repairing any faucets that leak or drip, fixing broken windows or other glass like doors.