This is how to prepare for an appraisal when you are selling. It is very difficult to change the appraised value after an appraisal report is issued. So, it is important that you and your Realtor provide as much up-front information as possible to help the Appraiser determine the correct value.
We recommend you create an informational packet for the Appraiser since you won’t be in direct contact with the Appraiser. It’s challenging to fight a low appraisal, so it’s important to provide any information about the property and neighborhood that may influence value. Be sure to include a list of your home’s improvements and upgrades. It’s great to also provide detailed descriptions of the materials used and costs associated with any improvements.
The Appraiser will compare your house to other properties that have recently sold in the neighborhood. These are called comparables.
Appraisers don’t know the backstories behind the neighborhood sales. Leave any information about neighboring houses that may be relevant. And, include in the packet the comparables and explanations on these comparables that the appraiser should take into account.
Let us know if you’d like a how to sell your house report and any questions!
