Short Answer
To prepare for a home appraisal, make sure the property is clean and accessible. Provide the appraiser with a list of recent upgrades and improvements, including dates and costs. Have documentation for any major systems like the roof, HVAC, or water heater that shows their age and condition. Make sure all areas of the home are accessible, including the attic, basement, and crawlspace. The appraiser will compare your home to recent sales of similar properties.
A home appraisal is required by your lender to ensure the property is worth the loan amount. The appraiser evaluates the home's condition, size, layout, and location, and compares it to recent sales of similar properties. As a buyer, you have limited direct involvement in the appraisal, but you can help by making sure the property is presented well. If you are the seller, ensure the home is clean, clutter-free, and well-maintained. Provide a list of recent upgrades and improvements, including new roof, HVAC, windows, kitchen, or bathroom renovations. Include permits and receipts if available. Make sure the appraiser can access all areas of the home. If there are any unique features that add value, like a finished basement or updated electrical system, point them out. The appraiser will take photos and measurements. The appraisal report typically takes a few days to complete. If the appraisal comes in low, your agent can help you negotiate or challenge the value.
Bob's Advice
Redfin Senior Agent · AI Certified Agent
The appraisal is one of the most important steps in the mortgage process. A low appraisal can kill a deal or force renegotiation. If you are buying, make sure your offer price is supported by comparable sales. If you are selling, present your home in its best condition and provide a list of upgrades. I have helped buyers and sellers through many appraisals and know what appraisers look for in our local market.
Related Questions
Ready to Take the Next Step?
Every situation is unique. Let us talk about your specific goals and create a plan that works for you.