Preparing for an appraisal from Arrow Appraisals LLC

	Did you know the borrower is entitled to receive a copy of the finished appraisal report from the lender? Contact us if you have any questions about the appraisal process.

To help the appraisal go as smoothly as possible we generally recommend to have these documents, if available, ready for the appraiser:

• A plot plan or survey of the house and land (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 will be left behind and sold with the home, such as an oven, or a washer and dryer.

• Any documents, such as a title policy with information on encroachments or easements 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 amount of their purchase and date of their installation (for example, the addition of central air conditioning or roof repairs) and permit confirmation (if available).

• Locate copies of the current listing agreement, broker's data sheet and, in the event of a pending sale.

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

• A list of "proposed" improvements if the property is to be appraised "as complete".

Once your appraiser has arrived, you do not need to accompany him or her along on the entire site inspection, but generally you'll want to be present to answer questions about your property and identify any home improvements.

Here are a few other helpful recommendations:

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

• Housekeeping: Appraisers see quite a few of homes a year and are no strangers to clutter, but they're human beings too! A good impact can mean a better home value.

• Maintenance: We generally suggest fixing small things like leaky faucets, missing door handles and trim.

• FHA and VA Inspection Items: In the case of your borrower applying 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 come. Some things they may recommend might be: having a banister on all stairways, where paint is peeling it should be removed and repainted, eliminating pull-chain lights in areas other than the basement or attic.