{"id":2426,"date":"2023-01-17T06:00:00","date_gmt":"2023-01-17T11:00:00","guid":{"rendered":"http:\/\/www.zoocasa.com\/blog\/the-appraisal-process\/"},"modified":"2023-01-16T13:42:18","modified_gmt":"2023-01-16T18:42:18","slug":"appraisal-process","status":"publish","type":"post","link":"https:\/\/www.zoocasa.com\/blog\/appraisal-process\/","title":{"rendered":"4 Things You Need To Show Your Appraiser"},"content":{"rendered":"<p>by CDC Consulting Services Inc.\u00a0<\/p>\n<p><span style=\"font-weight: 400;\">The appraisal process is essential in property and mortgage agreements, as it can help budget for necessary or beneficial property improvements. What do you need to do to prepare for this? What can you do to make a positive influence on your home?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Appraisal involves inspecting a property to determine its market value and ensure there are no hidden issues that could cost more. The appraisal reports provide a professional opinion on the property, so they help make sound financial decisions.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With all the information collected, property owners can make informed negotiations that work in their best interests. Whether you&#8217;re a property owner or lender, taking time to understand the appraisal process will ensure better outcomes.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong>Read: <a href=\"https:\/\/www.zoocasa.com\/blog\/preparing-for-2023\/\" target=\"_blank\" rel=\"noopener noreferrer\">Buying or Selling in 2023? Here&#8217;s How to Prepare Now<\/a><br \/><br \/><\/strong><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Besides repairing minor things like leaky faucets and missing door handles and trim, there are a few things you should prepare for the Appraiser:<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">1. Information on the latest property purchase<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Also, include a title policy describing encroachments or easements in this pile! Title insurance protects the homeowner against challenges to the ownership or problems related to the home&#8217;s title.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">2. Written property agreements<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Beyond the basics, such as a maintenance agreement for a shared driveway, a plot plan or survey of the house and land would help your Appraiser if readily available. Ensure all home areas are accessible, especially the attic and crawl space.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A copy of the current listing agreement, broker&#8217;s data sheet, and Purchase Agreement if a sale is &#8220;pending&#8221; is also something an Appraiser may require. If applicable, include a list of personal property to be sold with the home. Information on &#8220;Homeowners Associations&#8221; or condominium covenants and fees would be helpful, too.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">3. Reports<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Your most recent real estate tax bill and legal property description, home inspection reports or other recent reports for termites, EIFS (synthetic stucco) wall systems, septic systems and wells can help the Appraiser understand your home&#8217;s value.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong>Read: <a href=\"https:\/\/www.zoocasa.com\/blog\/home-sellers-guide\/\" target=\"_blank\" rel=\"noopener noreferrer\">Home Seller&#8217;s Guide: How to Sell your Property, From Start to Finish [Free Download]<\/a><\/strong><\/li>\n<\/ul>\n<h2><span style=\"font-weight: 400;\">4. Brag Sheet<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Gather the permit confirmation, the installation date and the cost for all major improvements or upgrades. For example, include central air conditioning or roof repairs on your brag sheet.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Once your Appraiser has arrived, you only need to accompany them on some parts of the site inspection. Still, you should be available to answer questions about your property and be willing to point out any &#8220;proposed&#8221; home improvements if the property is to be appraised &#8220;As Complete.&#8221;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Appraisers see hundreds of homes a year and will look past most clutter, but they&#8217;re human beings too! A good impression can translate into a higher home value.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Looking for advice? Speak to one of <\/span><a href=\"https:\/\/www.zoocasa.com\/company\/our-agents\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">our experienced real estate agents<\/span><\/a><span style=\"font-weight: 400;\">! They can guide you through the process.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Check out our client <\/span><a href=\"https:\/\/www.google.com\/search?rlz=1C5CHFA_enCA816CA816&amp;output=search&amp;q=Zoocasa&amp;ludocid=368867848399926365&amp;lsig=AB86z5UWGevavu_2i2iKFRbtsTUQ&amp;kgs=56e2536bc29c0bc4&amp;shndl=-1&amp;source=sh\/x\/kp\/local&amp;entrypoint=sh\/x\/kp\/local#\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">testimonials<\/span><\/a><span style=\"font-weight: 400;\"> to see how Zoocasa agents have helped buyers like you find their forever home.<\/span><\/p>\n<p><i><b>&#8212;<\/b><\/i><\/p>\n<p><b>About the Contributor<\/b><\/p>\n<p><i>CDC Consulting Services Inc. was established in 1996 to provide superior real estate appraisal services to our clients. CDC Consulting Services Inc. is an independent firm with several Strategic Alliances, providing a full range of valuation services throughout Western Canada. We offer residential, commercial, assessment appeals, insurance appraisals, agricultural, personal property\/machinery and equipment and business valuation services.<\/i><\/p>\n<p><em>Published: January 4, 2021<\/em><br \/><em>Last Updated: January 17, 2023<\/em><\/p>\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>by CDC Consulting Services Inc.\u00a0 The appraisal process is essential in property and mortgage agreements, as it can help budget for necessary or beneficial property improvements. What do you need to do to prepare for this? What can you do to make a positive influence on your home? Appraisal involves inspecting a property to determine [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":20842,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"subtitle":"","format":"standard","video":"","gallery":"","source_name":"","source_url":"","via_name":"","via_url":"","override":[{"single_blog_custom":"","sidebar":"","second_sidebar":"","share_position":"","share_float_style":"","post_date_format":"","post_date_format_custom":"","post_reading_time_wpm":"","zoom_button_out_step":"1","zoom_button_in_step":"1","number_popup_post":"1"}],"image_override":[{"single_post_thumbnail_size":"","single_post_gallery_size":""}],"trending_post_position":"","trending_post_label":"","sponsored_post_label":"","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo":"","sponsored_post_desc":""},"jnews_primary_category":{"id":""},"footnotes":""},"categories":[76],"tags":[],"class_list":["post-2426","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buying-a-home"],"yoast_head":"<!-- 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