In home appraisal checklist9/25/2023 ![]() ![]() This can give you much more information than the report aloneĭon’t be concerned with the number of defects listed on your report - many will be so minor you won’t bother fixing them. Buyers should attend the inspection so they can explore their new home in detail and ask questions during the process.After the physical inspection, the home inspector may take a couple of days to send the written report A home inspection generally takes two to four hours, but may take more time depending on the size of the house.A home inspector will look at the interior and exterior parts of home like the foundation, structural components, roof, HVAC, plumbing, and electrical systems, then provide a written home inspection report with results.Here’s what to expect during a home inspection: ![]() Start hereĪdditionally, if a professional home inspection reveals serious problems with a property, potential buyers can back out of the home purchase or renegotiate the sale price, provided they have a home inspection contingency in their purchase agreement.Īn inspection contingency is a common provision in a home purchase contract that gives buyers an opportunity to identify any serious issues before closing on a property.Īs a seller, on the other hand, you want to know what the inspector will look for so you can be prepared for their visit and help everything go as smoothly as possible. Learn what the inspector will look for and how you should handle any issues that are turned up in the process.Īs a home buyer, the home inspection is your last chance to uncover defects with the house - and potentially get the seller to pay for them - before sealing the deal. Here’s what to expect on home inspection day as a home seller or buyer. And it’s a chance for the seller to address those problems and negotiate pricing with the buyer. ![]() Some items they may recommend might be:Įnsuring there are electrical receptacles in every room and that each receptacle works,įixing leaky or dripping faucets, replacing broken glass.Ap8 min read How do home inspections work?Ī home inspection is the buyer’s last opportunity to discover problems with the house before purchasing. Maintenance: We generally suggest fixing minor things like leaky faucets, missing door handles and trim.įHA and VA Inspection Items: In the case of your borrower applying for either an FHA or VA loan, we strongly recommend to ask your appraiser if there are specific things that should be done before they come. Housekeeping: Appraisers see a lot of homes a year and will look past most clutter, but they're humanīeings too! A good impression can mean a higher home value. Make sure that all areas of the home are accessible, especially the attic and crawl space. ![]() Once your appraiser arrives, you do not need to escort them along on the entire site inspection,īut generally you'll want to be present to answer inquiries about your property and be willing to point out any home improvements.Īccessibility: Appraisers are very meticulous in their inspections. Locate copies of the current listing agreement, broker's data sheet and, if the sale is "pending", the purchase agreement.Īny "Homeowners Associations" agreements or, if applicable, condo covenants or fees.Ī list of "proposed" improvements when the property is being appraised "as complete". Information on any written private easements, such as a shared driveway with a neighbor.Ī list of any personal property that will be left behind and sold with the home, such as an oven, or a washer and dryer.Īny paperwork, such as a title policy with information on encroachments or easements encroachments or easements.Ī bill for your most recent real estate taxes which should also contain a legal description of the property.Īny inspection reports, or other recent reports for termites, EIFS (synthetic stucco) wall systems, your septic system and wells.Ī list of any major home improvements and upgrades, the amount of their purchase and date of their installation (for example, the addition of central air conditioning or roof repairs) and permit confirmation (if available). To simplify the appraisal process, it's recommended to have these documents ready for the appraiser:Ī plot plan or survey of the house and land (if readily available).Īny records on the purchase of the property for the last three years. By law, an appraiser must be state licensed to perform appraisals prepared for federally related transactions.Ĭontact us if you have any questions about the appraisal process. ![]()
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