Real Estate News

What to expect during a residential appraisal site visit

Adlaw Appraisals – What to expect?

Here is a sample document we send to homeowners and realtors before sending out a qualified appraiser to their home for an appraisal.

We have been requested to complete an appraisal of your property. The inspection should last anywhere from 15 to 45 minutes, depending on the property. A one-hour window for the appraiser to arrive is typical.

To ensure a smooth inspection, please…

☐ Have all rooms accessible for the appraiser, including suites, garages, and outbuildings.
☐ Be aware of where your electrical panel and mechanical room are and have the areas accessible. We do not require access to the crawl space or attic areas.
☐ Provide a tidy and bright setting as the appraiser will be taking up to 5 exterior photos and 20 interior photos. While a thorough cleaning is not necessary, a quick tidy-up and having the blinds open and the lights on throughout the home will allow the appraiser to take good photographs
☐ Have any aggressive pets contained in the rear yard or the garage while the appraiser conducts the inspection.

Be prepared to provide the following…

☐ If renovations or updates were recently completed or are underway, provide a list of items completed, dates, and costs (if known).
☐ If the home is a newer property, have the building or floor plans available for the appraiser to review.
☐ If the property is a stratified unit (ie. Condo or townhouse), the appraiser will require the strata fees, number of parking stalls, and number of storage lockers. We do not need access to these areas!

Final Comments

This appraisal has been requested on behalf of our client, the mortgage broker and/or lender. As a result, we are obligated to send the report directly to them and no one else. If you, the property owner, have any questions regarding the report, please kindly contact your mortgage team to discuss the report.

Thank you, and we look forward to meeting you at the appointment!

Sincerely,

adam

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