Preparing for an appraisal from Jordan-Appraisal


	Did you know you, as a borrower, are entitled to receive a copy of the completed appraisal report from the lender? Just give us a call at 217-722-3185 if you have any questions about the appraisal process.

To aid the appraisal process, it's beneficial to have these documents ready for the appraiser:

A survey or plot map of the property and building (if available).
Any information on the purchase of the property for the last three years.
Information on any written private easements, such as a shared driveway with a neighbor.
A list of any personal property that is part of the home and you intend to be sold with the home, such as an oven, or a washer and dryer.
Title policy that describes encroachments or easements.
A bill for your most recent real estate taxes which should also contain a legal description of the property.
Any inspection reports, or other recent reports for termites, EIFS (synthetic stucco) wall systems, septic systems and your well.
A list of any major home improvements and upgrades, the date of their installation and their cost (for example, the addition of central air conditioning or roof repairs) and permit confirmation (if available).
Find copies of the current listing agreement, broker's data sheet and, if the sale is "pending", the purchase agreement.
Information on "Homeowners Associations" or condominium covenants and fees.
A list of "proposed" improvements if the property is to be appraised "as complete".

Once your appraiser arrives, you do not need to accompany them along on the entire site inspection, but it's helpful be present to answer inquiries about your property and be willing to point out any home improvements.

Here are a few other helpful recommendations:

Accessibility: Appraisers are very detailed in their inspections. Make sure that all areas of the home are accessible, especially the attic and crawl space.
Housekeeping: Appraisers see a lot of homes a year and will look past most clutter, but they're human beings too! A good impression can translate into a higher value for your home.
Maintenance: We often suggest fixing minor things like leaky faucets, missing door handles and trim.
FHA and VA Inspection Items: In the case of your borrower applying for either an FHA or VA loan, be sure to ask your appraiser if there are specific things that should be done before they arrive. Some things they may recommend might be: installing a banister on all stairways, ensuring there are electrical receptacles in every room and that each outlet works, eliminating pull-chain lights in areas other than the basement or attic.