Liverpool Texas Real Estate Appraisals

The only group that is given a copy of the appraisal by an appraiser is their client. The home seller will only get an issuance of the report if the borrower desires to share the report. A prime scenario would be when the appraisal comes in below the selling price and the buyer divulges the report to the owner.

This depends on what the issue is. Buyers usually consider the curb appeal of a property and having a unsightly house adjacent to yours may influence their view. This would be listed as an external obsolescence and would have an unfavorable impact on your home’s value. But in reality, it will prove largely difficult for an appraiser to place a dollar value on such a feature, meaning they might just document it within the report but not actually subtract an amount.

In special cases a real estate appraiser may need documentation that only the client has access to, but for the average appraisal there isn’t anything an appraiser should require to complete the assignment. If the appraisal is for the purpose of a sale, your appraiser will ask to look at a copy of the contract for sale for the house. The sales agreement contains specifics that a property appraiser needs to consider for the appraisal. Though usually unnecessary, the following documents could be helpful to the appraiser: A property survey that details all buildings. Deeds or title document which include a legal description. For house sales, a record of personal property that will be included. An inventory of any renovations, modifications, or updates performed on the property. If you have any architectural sketches or floorplans, these are typically of great assistance as well.