Appraisal Preperation - what to expect and how to prepare

Summit Appraisal Services, Inc.

Accurate Appraisal Valuations, Superior Turn-Around-Time, Competitive Fees

Preparing for an appraisal is relatively simply, it requires the homeowner to provide the appraiser with
requested information, and access to the home's interior. Below I've listed a few items to help you
understand the inspection process.

The appraiser may ask for a copy of your deed, a recent survey, a copy of your Title Policy, a copy of
the "Contract of Sale" (if your home is being sold).

The appraiser may ask for a copy of your current real estate tax bill, water and sewer bill, utility bills,
etc.

If you've renovated or upgraded your home provide the appraiser with a list of improvements, the cost
of the improvements, and the date the improvements were completed.

The appraiser needs to know if your home is/was listed for sale. If so, provide the appraiser with the
listing date, the listing price, and the name and phone number of the listing agent.

If your home is currently listed for sale, does the listing price include personal property or concessions?
If so, provide the appraiser with a list of these items, and their estimated cost.

If your home is income producing, provide the appraiser with a breakdown of the source(s) of income
and expenses, and a copy of all leases.

If your home has recently undergone a professional home inspection, provide the appraiser with a copy
of the Home Inspection Report (please be advised, an Appraisal is not a Home Inspection and
should not be relied on as such).

If you own a dog be sure it's placed in a secure area. Your dog may be friendly, but the appraiser is a
stranger who will be inspecting every room and closet in your house. Your pet may become stressed
and react accordingly.

Please be considerate enough to clean up after your pet(s), both inside and outside the house.

The appraisal inspection requires the appraiser's complete attention, please save all of your questions
until the inspection is completed. Following the appraiser around your home, asking questions, is a
distraction and may result in mistakes and/or omissions.