Home appraisal checklist seattle9/12/2023 The better the landscaping, the higher the positive impact it will have on your home’s appraised value. Quality of landscaping: They will also get a sense of your home’s curb appeal.Size of the home: Appraisers will use the square footage to determine fair market value.Condition of the home: Appraisers will look for indications that signal the overall condition of your home - they will look for cracks, damage, leaks and other positive and negative characteristics.The appraisal report outlines what the bank or lender can loan for someone to purchase your property.Īn appraiser will look into the following during the appraisal process: After they evaluate your property and comps, they write up a report. What Does an Appraiser Look for?Īppraisers usually complete on-site inspections. They use a comparative market analysis (CMA) tool to estimate the value of a specific property by comparing similar properties that have recently sold in the same area. They typically use at least three comps, usually from the multiple listings service (MLS) to get the most recent comparables to determine an accurate home value for your home. Instead, an appraiser does a less “invasive” property inspection.Īppraisers also evaluate local comparable homes, called comps, to determine the fair market value of your home against the local real estate market. A home inspection gives you an indication of how well parts of your home are functioning, such as major home systems, the roof and foundation.Īn appraiser, the individual who carries out your appraisal, will not test every switch in your house or go into the attic with a flashlight. An appraisal determines a home’s value and an inspection determines its condition. How to Prepare for a Home Appraisalįirst, let’s go over how home appraisals differ from inspections. ![]() In this article, we’ll give you a full checklist and explain what a home appraiser looks for.Īt Morty, we want you to have a smooth home appraisal experience, so let’s get started. You can prepare for a real estate appraisal by making sure everything in your home is in working order and maintained well. Whether further investigation is recommended or requiredĪ home inspection can provide peace of mind for a home buyer, but it is also a worthwhile investment for any homeowner interested in the current condition and future viability of his or her home.When you plan to sell your home, you will most likely want to get as much money out of the sale as possible.īut how do you do that? Your buyer’s mortgage lender orders a home appraisal, which is the part of the process that determines the fair market value of your home.Whether there are any risks of concealed damage.The general condition of the property and notations of any visible problems.Though some home inspectors are licensed to test for these issues, the tests are not part of a basic home inspection and would have to be contracted as additional services or acquired through other qualified professionals in those fields.Īt the conclusion of the home inspection, inspectors are required to provide a written report of their findings. These types of home issues require a licensed professional to assess them. Wood-destroying insects, including termites.While quite comprehensive, a basic home inspection does not cover all the recommended tests that potential buyers should consider.įurther inspection should be conducted for: Fireplaces and solid-fuel-burning appliances. ![]()
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