A professional appraisal is an informed opinion of value
derived from facts in the marketplace. It is not the personal feelings of the appraiser.
In essence, it is a supportable prediction of what your house would sell for if offered on
the market for a reasonable length of time.
This is an appraisal of real estate, not of housekeeping!
Unless it is a matter of personal concern, it is not necessary to perform an extraordinary
amount of cleaning, etc.
Please provide the following, if available:
- House location survey/ plat
- Copy of deed(s)
- Copy of tax bill(s) or assessments notice(s)
- Any HOA information
- Restrictions and/ or covenants
Tell us about
any recent major improvements or property defects, if any.
appraisers set up a time range for appointments; please be patient. A prior appointment
may have required additional time due to unforeseen circumstances.
Know ahead of
time whether the appraiser is to be paid at the time of inspection or by some other
||If you have pets, please be
prepared to control them.
common observation made by a homeowner is" how can they charge so much, when they
spend so little time at my house?" In reality,
what you see is but a small portion of the appraisal process...the inspection.
During the inspections, the appraiser will most likely measure the
exterior walls, take photographs, walk through the home, and ask a number of questions
relating to the improvements. The amount of time taken and the actual activity will vary
according to the complexity of the house and the appraiser's information prior to
residential appraisals require substantial amounts of research before and after the
inspection. For example, lenders require the appraiser to verify market data, such as
process paid for recent sales of comparable properties, replacement costs, and neighborhood trends.
So, an inspection on-site cannot reveal the hours which may ultimately
be committed before the appraisal report is completed. For this reason, the appraiser is
not prepared to discuss any conclusions concerning the value of your home at the time of
Location, location, location is the basic ingredient to property value,
and verify, verify, verify is the basic stuff of appraising. Good work does take time!
Your appraiser should know prior to accepting the assignment what the deadlines are and to
whom he/she should report the value. Typically, this is the lender. The Uniform Standards
of Professional Appraisal Practice (USPAP) prohibits disclosure of any appraisal report
content to anyone other than the client. The client is the person or firm ordering the
appraisal and not necessarily the one who pays for it. A lender, at your request, is
required under North and South Carolina laws to give you a copy of the report provided you
have paid for the appraisal service.
|There are some key things you
can do that will increase the value of your property or enhance its overall marketability.
Most buyers purchase homes based
on emotion more so than analyzing recent sales from the area. That is why homes that are
well kept and periodically remodeled with improvements that appeal to the typical buyer,
tend to sell faster and for more money than homes that are not well kept. Simple
improvements such as interior and exterior painting and carpeting can dramatically enhance
the appeal of a home with outdated décor. Please note that the goal is to make the home
look expensive without spending a lot of money.
Also, repairing deferred
maintenance before putting a home on the market for sale will maximize the appeal to
potential buyers and will discourage low offers if repairs are necessary.
Moderate landscaping can
enhance the "curb appeal" of a home, but be careful not to over-improve your
property. You should know what improvements buyers are willing to pay for in your
neighborhood and not waste money on improvements which are not typical.
For more information, contact
Hitchens Appraisal Group for a new videotape on "The Ten Best Ways to Increase the Value
of Your Home". This one-hour video contains dozens of helpful hints and suggestions
and is available for $19.95 plus shipping and handling.
Still have questions? You can
order an in home video of helpful tips from experts on how to increase its value. This
video is designed especially for you! Click here to read more!
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