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Russell SmithOps Manager Southern RegionMortgage & Business CoachO�ce: 910-418-4609 Mobile: 910-352-6344Fax: 888-316-5802 [email protected]/RussellSmith1424 South J.K. Powell Blvd, Ste EWhiteville, NC 28472NMLS#78989
Appraisal ChecklistTips to prepare for an Appraisal
Presented by OVM Financial, Inc.
Before you complete the home buying or selling process, it’s required that you first get an appraisal, which gives an estimate of your property’s value, on the home in question. The findings from an appraisal determine the amount a mort-gage lender will let you borrow for the property, while also protecting you from paying more than the house is worth.
Additional Items (Doesn’t A�ect Value, but Does A�ect Perception & Pics)__ Mow the lawn, landscaping in great shape__ Declutter home__ Clean the pool (if applicable)__ Pressure wash house and driveway
__ Utilities On (Appraisers will not turn on a circuit breaker)__ Power__ Hot Water __ Heat Source__ Peeling paint (especially homes built prior to 1978)__ Rotten wood__ Access to whole house including attic, basement, detached buildings__ Steps are sturdy__ Are there extra dwellings on property? Ie. Manufactured home. Probably need to remove__ Water stains: find source of leak, repair, and repaint stained area__ Loose hand railings__ Missing or broken shingles, roof at end of life expectancy__ Missing or not working built in appliances__ Excessive moisture in crawl space__ Wood conducive to termites under house. Remove unnecessary loose wood__ Signs of termites. Contact termite company__ Incomplete home improvements. Need to complete__ Non-permitted additions__ Location of well & septic (if applicable) __ Tripping hazards in home__ Who will be the point of contact for the appraiser __ Loose wires__ HOA documentation__ If specialty property (condo, manufactured, modular, etc), include documentation
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