#HOME APPRAISAL CHECKLIST FOR SELLERS PROFESSIONAL#

They'll look for recent sales of comparable properties, as well as any big changes in the area that could positively or negatively impact the market value of the home.

#HOME APPRAISAL CHECKLIST FOR SELLERS PROFESSIONAL#

Next, the professional will research the neighborhood. The home visit is just the start of the work that goes into an appraisal. They'll test all the light switches and appliances to confirm that everything is working as it should. They’ll also inspect the garage and any upgrades. If there are permit violations or other legal concerns, this could present a problem in terms of overall value. Visit the Inside of the HomeĪn appraiser will check that the number of rooms, windows, and closets on the property is the same as on the public record. They'll also look for features that could add to the value of the property, like an inground pool or fencing. They'll be looking at the condition of the foundation and roof, as well as other markers of deterioration. ‍ A home appraiser will use the condition of your home overall to determine its market value.Īn appraiser will perform many steps to come to this conclusion, including: Tour the Outside of the PropertyĪ home appraiser will schedule a time to take a walk around the exterior of the home. Still, a home appraiser will use the condition of your home overall to determine its market value. ‍ Lending companies will rarely approve a mortgage for an amount above the appraisal value.Ī home appraiser is different from a home inspector, whose role is to help you understand the condition of a home. Most real estate contracts even have a clause that allows for voiding if the appraisal doesn't support the agreed-upon price. Home appraisals are almost always a part of a real estate transaction, although you might be able to get an appraisal waiver, which would not require an appraisal. The cost is frequently the responsibility of the buyer, although that again can depend on the state of the housing market. These unbiased opinions range in cost, depending on your location. These professionals must complete 150 hours of education, an apprenticeship, and additional courses based on their specialty.

A home appraisal is a process that is conducted by a trained and licensed home appraiser.

Home appraisal checklist for sellers