So, you are selling your house or perhaps refinancing your mortgage. The bank hires an appraiser to estimate the market value of your property. What should you expect for the upcoming appraisal site visit? Let's discuss.
Questions we typically receive:
Does the appraiser have to come inside?
It depends on the type of loan and client requirements; however, the vast majority of the time the answer is yes.
Does the homeowner have to be present for the appraisal site visit?
If we have access to your property through a realtor or their lockbox, then no. Otherwise, you or a stand-in must arrange access (children are not allowed to be a stand-in).
Do you take pictures of closets or other personal property?
We do not take pictures of closets. We do not consider personal property in our appraisal reports, thus we do not specifically take photos of any personal property. However, furniture and other items may be included in our photos as we photograph each room. Any photos that include sensitive items, family portraits, etc will be blurred in our report.
Who will see the photos or appraisal?
Only the lender/client (whoever ordered the appraisal) will receive the appraisal that includes photos.
Will the county appraisal district get a copy of the appraisal or be notified of the opinion of value?
No. Only the lender/client will receive the appraisal.
Is it okay to provide a list of recent updates or upgrades?
Yes, absolutely. We always welcome additional data.
Hopefully this basic information will help you know what to expect on an upcoming appraisal site visit. If you have any questions regarding an appraisal site visit, please do not hesitate to contact us!