Do You Have an Inspector’s Appraisal Coming Up? Learn the Six Things You Can Do to Get Ready
Posted on September 17, 2020
At Fund Control we know that our clients all have unique needs. We know that each of our clients has worries and deadlines, just like we do. Today we are going to cover some things you can do to get ready if you are currently facing an inspector’s appraisal. You can also contact us at 800-625-5972 to learn more about our innovative fund control options.
- Have a Plan for Access
- Familiarize the Appraiser with the Neighborhood
- Have Your Own Comparable Properties
- Make Sure the Property is Cleaned Up
- Provide a List of Improvements to the Property
- Talk to Others on the Project
The appraiser needs access to the property. Who at your company will provide it to them? You should choose someone you can count on to be there on time and ready. They should be familiar with the property, including storage areas, attics, crawlspaces, etc. They should also know what advancements should be pointed out. For example, if you have double earthquake strapping on your hot water heaters or advanced carbon monoxide detectors.
Depending on where they are traveling from, it is possible that your appraiser might not know the neighborhood in which they are working. If this is the case, then you must be sure to let them know the important details. While the results of their appraisal will be highly dependent on the actual structure, it will also take location into consideration.
Part of the appraiser’s job is to know the value of comparable properties in the area. Do not assume that they will do this correctly. Talk to a real estate agent, look at online Realtor websites, or look at homes that have sold in the last six months to find out what reasonable comps are. Then be ready to provide these to the inspector.
A good appraiser will not take into consideration temporary messes on a property – especially related to construction. However, they might unconsciously have a more negative view of the property, which could lead to less favorable remarks or points taken off. Even if cleaning up the property does not help with the appraiser, it is still a good idea.
Make sure the appraiser knows all improvements that have been made to the property. Do not assume that they will find these on their own.
When you use products from Fund Control, we make it easy for you to communicate with your team. Make sure they know the inspector is coming so that they can add any essential information they might have to share.
If you would like a free demo of Fund Control software, contact us at 800-625-5972.