Helpful Tips When Ordering an Appraisal
Helpful Tips When Ordering An Appraisal
Preparing to Order an Appraisal
Help prevent your appraisal reports coming in “subject to repairs” and/or in need of a final inspection by thoroughly questioning your borrowers and setting proper expectations.
Help prevent your appraisal reports coming in “subject to repairs” and/or in need of a final inspection by thoroughly questioning your borrowers and setting proper expectations.
- Will utilities and water be turned on at the time of inspection?
- Is there any peeling paint?
- Are there any missing handrails?
- Will the appraiser have access to all rooms?
- Is there any exposed electrical wiring?
- If CA, are there water heater straps and CO detectors?
- Are there any incomplete home projects currently going on?
Ordering an Appraisal
When you are ready to place your appraisal order, be ready to provide the following information:
When you are ready to place your appraisal order, be ready to provide the following information:
- Valid credit card for payment (name on card, account number, expiration date, 3-digit security code on back of card, type of card)
- FHA Case Number (if applicable)
- Borrower/Realtor contact information
- Special instructions (if applicable)