![]() Read more: Investing in a Repossessed Property – Things to look out for What is the cost of a home appraisal?Ī home appraisal process may take around one week to be successfully completed. After the appraiser makes all the required additions and subtractions, he gives you the final, closest figure. He then measures the differences between your house and the comparables in order to get an estimate of how much the home is worth. These residences generally have similar features and aspects when compared to your home and are termed ‘comparables’. The first task that an appraiser undertakes is to conduct a thorough research about the sale prices of recently sold properties in your neighborhood. On the other hand, they also ensure mortgage lenders that the lending amount is not exceeding the home’s true value. Since they understand the real estate conditions in your locality, appraisers can determine the correct worth of your property - thereby, ensuring that you receive a fair price during buying or selling your home. They then forward this appraisal to federally regulated lenders. They can be either third-party companies or licensed contractors. ![]() Home Appraisal Vs Inspection: What Are The Major Differences? What is an appraiser?Īppraisers, who offer an exact estimate of your home’s value, are certified experts. The factors which an appraiser takes into account for determining the final figure are the condition and size of your house, landscaping quality, number of bedrooms, bathrooms, and other rooms, lighting designs and types, views, number of fireplaces, presence of a swimming pool, basement condition, and finishing details. ![]() This step is mandatory when you are in the process of acquiring or refinancing a mortgage. He or she determines the exact market value of your residence. You will need to be a computer or laptop to download the files – they can’t be downloaded on a phone or tablet.During the home appraisal process, a licensed appraiser evaluates the value of your property. Go to the purchases and reviews’ tab, scroll to this purchase and click the download link. You can also find your files at any time in your Etsy account. ![]() The files will be delivered electronically within minutes of your order and payment.Īn email will be sent to the address associated with your Etsy account with a link for your download. The design of this Document CANNOT be resold, shared, or redistributed (digital or printed) on any online store.īecause digital items are available for download immediately after purchase, I am unable to offer refunds or exchanges. Nor should be any claim made as per ownership of the design of this Document. The Document and content within Document CANNOT be resold, shared, or redistributed. The purchase licenses you (1 Individual) to use this Document. You can also find your downloads by going to: Your Account > Purchases & Reviews Once payment is confirmed you will receive an e-mail from Etsy with a link to download your product. This printable is available in letter size (8.5 x 11 inches) only. HOME APPRAISAL INSPECTION CHECKLIST (2 pages) Having a checklist is also very helpful as a documented cross-reference in instances where the completed appraisal report is missing or has inaccurate information regarding your home and may help in cases of rebuttal of appraisal.ĭesign, layout of the checklist and Information provided within the checklist can not be edited or adjusted. My checklist includes questions an appraiser would typically ask before and during the inspection, particular items the appraiser needs to inspect, and having them ready may help you to avoid re-inspection and slowing down the process of your transaction.Ī completed checklist list will give you an assurance that all important information regarding your home needed for the appraisal process is successfully communicated to the appraiser. Using this checklist I have prepared you can fill more confident while scheduling and preparing for an appraisal inspection of your home. Prepared by the Real Estate Appraiser with 20 + years of experienceīased on my experience many homeowners have little knowledge of what exactly to expect during appraisal inspection, what needs to be prepared and what the appraiser will be looking at in the course of the inspection, what questions appraisers may ask. DIGITAL DOWNLOAD | HOME APPRAISAL INSPECTION CHECKLIST
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