Tips for the Best Appraisal
Optimize Your Appraisal Experience – Tips from the Experts
Whether you may want to refinance, apply for a home equity loan, or sell your home, someday as a homeowner you may need your property appraised. When this happens, you’ll want to ensure the appraisal is completed with the highest level of accuracy. Here are some helpful hints every homeowner should follow to prepare for the best home appraisal possible…
Tip #1: Knowledge is Key
Having all pertinent information is critical. As you get ready for an appraisal, take these steps:
- Do your homework. Gather information regarding comparable home sales in your neighborhood. Read the newspaper and talk to your neighbors. This comparative information will give you an idea of the value of similar homes in your area.
- Record changes. Every home requires upkeep. Transcribe a list of all improvements you have made to your home for as far back as you can remember. Provide this record to your appraiser as proof of the maintenance and improvements you’ve made that will serve to ensure an accurately written appraisal report.
- Choose an appraiser. If you’re refinancing or applying for a home equity loan, the lender will usually choose the appraiser. But if the choice is yours, request to use Nations Valuation Services to make sure you get the most professional appraiser available at a reasonable and customary fee.
- Don’t pressure the appraiser. Never push your appraiser to inflate your home appraisal. Not only is it unethical, it can be considered a violation of appraisal independence guidelines. Nations appraisers are professional and considerate, and will provide you the most accurate value possible.
Tip #2: Prepare Your Home
When you decide to get your home appraised, act quickly. Spruce up your home before the big day to help make a great impression. Here are some helpful hints that may help increase your home’s appeal:
- Neutralize the interior. Make your home appealing. Consider repainting your walls if they are multicolored or out of style. Neutral colors, such as white or beige, make the house seem larger. Remodeling your home is usually a poor investment if your home is intact.
- Clean up. Get out the vacuum, dust the shelves, straighten your kitchen, empty the trash, and mow your lawn. Making your home and landscape appear in peak condition may have a positive impact on your appraisal.
- Consider your pets. Nations Appraisers are used to visiting people homes and interacting with domesticated animals. But consider keeping pets under control (i.e. leashing your dog), in order to avoid uncomfortable situations and allow the appraiser to focus on the task at hand.
Tip #3: Hope for the Best
Once you have prepared yourself and your home for appraisal, just sit back and wait. The appraiser will examine the interior and exterior of your property, the quality and condition of materials, the physical size of your home, and the layout of the property. Most appraisers use a comparative sales method, so they will match your home to others in the neighborhood that have recently sold. Normally, it only takes a few days to prepare a final report.
If you’ve prepared yourself and your property, you may be in for a pleasant surprise when you receive the appraisal!