Dont let appraisal kill deal
Wow! How painful It could be to find your dream home and have the deal fall through because the appraisal was a nightmare!
I do not want this to be you! So I put together this blog to help you for when you hire a real estate agent (hopefully me) to help you purchase a home you know the right steps they should be taking with the appraisal to ensure everything goes smoothly.
1. Meet with the appraiser.
So many times I see agents that when the appraiser gives us the listing agent a call to see the house most agents just give them the password to the lock box and tell them to call if they have any questions. This is a ABSOLUTE DEAL KILLER! It is crucial that from the beginning you make an extra effort to meet with the appraiser and start the relationship. It is the little things that sometimes make the biggest difference in a deal going smoothly or being a complete disaster. This is something most agents do not see as being important, but to us we execute on all angles to make sure the sell or purchase of your home goes smoothly.
2. Bring detailed list of repairs and upgrades.
This is something that is always a great idea to bring when meeting the appraiser at the property. The appraiser is not always going to be able to see all the upgrades and the repairs that you made if they are not obvious in plain sight. I always bring this list so they appraiser can use this as a guide to see everything that has been worked on and added to to help relate the value of the home in a positive way for us.
3. Bring a list of comparables.
Really easy and effective thing to do here. This list shows all the houses in the area that have been sold in the same recent time frame. This is so the appraiser can compare the house we are working with to others in the area to make sure they price he is coming up with is accurate.
4. Build the relationship.
Like I was saying sometimes It is the small details that make the deal go all the more smoothly. It is very important to build a relationship with the appraiser. I found that when I make an effort to build a relationship with the appraiser I always have a very successful completed sale. So, now every time I make the conscious effort to build a relationship with the appraiser and show them that I am also there to help him!