Getting ready for an appraisal from Peak Appraisals

Legally, an appraiser must be state licensed to perform appraisals prepared for federally related transactions. Just give us a call at 360-790-3221 if you have any questions about the appraisal process.

To simplify the appraisal process, it's beneficial to have these documents ready for the appraiser:

  • A survey or plot map of the property and building (if readily available).

  • Information on the latest purchase of the property in the last three years.

  • Written property agreements, such as a maintenance agreement for a shared driveway.

  • Any paperwork, such as a title policy with information on encroachments or easements encroachments or easements.

  • Any inspection reports, or other recent reports for termites, EIFS (synthetic stucco) wall systems, your septic system and your well.

  • A list of any major home improvements and enhancements, the amount of their purchase and date of their installation (for example, the addition of energy efficiency upgrades or roof repairs) and permit confirmation (if available).

  • Information on "Homeowners Associations" or condominium covenants and fees.

  • A list of "proposed" improvements when the property is being appraised "as complete".

When the appraiser arrives, you do not need to escort them along on the entire site inspection, but generally you'll want to be available to answer inquiries about your property and identify any home improvements.

Here are a few other suggestions:

  • Accessibility: Appraisers are very detailed in their inspections. Make sure that all areas of the home are accessible, especially the attic and crawl space.

  • Housekeeping: Appraisers see quite a few of homes a year and will look past most clutter, but they're human beings too! A good impression can translate into a higher value for your home.

  • Maintenance: We generally recommend fixing minor things like leaky faucets, missing door handles and trim.

  • FHA and VA Inspection Items: If your borrower is applying for either an FHA or VA loan, definitely ask your appraiser if there are additional things that should be done before they come. Some things they may recommend might be: having smoke detectors on every floor of the home and especially near bedrooms, scraping and repainting where there's paint peeling, eliminating pull-chain lights in areas other than the basement or attic.