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6 of 6 Appraisal Process Topics
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Helping The Appraiser
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Once you have selected an appraiser, be prepared to answer questions and provide requested information. * What is the purpose of the appraisal? * When is the required completion date of the appraisal? * Is property listed for sale and if so, for how much and with whom? * Is there a mortgage? If so, with whom, when placed, for how much, type of mortgage [FHA, VA etc.], interest rate, and any other types of financing. * What personal property, such as appliances, are included ? * If it is an income-producing property, provide a breakdown of income and expenses for the last year or two and a copy of leases. * Provide a copy of deed, survey, purchase agreement or other pertinent papers pertaining to the property. * Provide a copy of current real estate tax bill, statement of special assessments, balance owing and on what [sewer, water, etc.]. |
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