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May 11, 2018
AppraiserWhether you are looking to refinance or to sell, the appraisal that comes in on your home can have a huge impact on the amount of equity you can pull out. In some cases, the appraisal can even put the sale of a home in danger if the appraisal does not come in at or above the asking price on the home. Banks are much less likely  to loan the difference out if a low appraisal comes in. So before the appraiser arrives, it is important to take the following steps to ensure you have a successful appraisal.

1. Clean and Declutter

Appraisers do not check your electrical outlets or inspect your plumbing, but rather assess the general condition of your home. By presenting your home in the cleanest condition possible, it offers the impression that the home has been well cared for. Decluttering and boxing up unneeded items will help to make the floor plan feel more spacious and improve the overall look and condition of the home. Pay particular attention to the amount of items that are stored on your kitchen countertops and stow away seldom used appliances to improve the look and feel of the kitchen space.

2. Finish Unfinished Projects

Many of us are guilty of starting home repair or remodel projects that we never get around to completing. If you have been putting off getting the trim up in your dining room, completing the backsplash in the kitchen or adding the new hardware to the cabinets, now is the time to do it. Make a to-do list of all the unfinished projects throughout your home, break it down, and tackle those tasks. While you are at it, freshen up the paint in your home and make sure any radical colors are neutralized and the pallet is cohesive throughout.

3. Improve Your Curb Appeal

Mow and edge for a more polished look and if possible, add some pops of color in your front garden beds. Also be sure to clean your windows, sweep or wash your driveway and front porch, and remove cobwebs and debris to offer a warm, welcoming appearance.

4. Offer a Leave Behind

Provide the appraiser with a package of useful information when they arrive. Include nearby comps, a list of upgrades you have made to your home with the cost and date the improvements were made as well as your exact home information detail including address, number of bedrooms and bathrooms, year built, and total square footage. All of this information can be helpful to the appraiser when they go to complete their report.

Make sure the appraiser is comfortable when they come to tour your home. Lock away the dog for a time, make sure the home is temperate, and let the appraiser do their job. By taking these simple steps, you can help to ensure your appraisal comes in at top dollar and you benefit from the experience.

Whether you’re looking to purchaserefinance, or learn more about mortgage rates, our experienced mortgage professionals would love to sit down and discuss your needs. Simply fill out our Fast Response form or give us a call at 855-300-4339. We would love to hear your story!

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