What would you rather smell: Freshly baked cookies or pungent pet odors? Your answer probably matches what an appraiser would say. Tidy up your home and property to put your best foot forward. Features and their corresponding values are totaled up to become your home’s appraised value.Īs an important side note, daytime is the best time to schedule an appraisal.Ĥ. The appraiser researches county tax and assessment records, as well as other home sales that are comparable to yours. To ensure that they do not overlook or forget any important permanent home features, appraisers take pictures of the home and property.įrom there, most of the valuation process is done in the appraiser’s office. Most visits by an appraiser last around 20 to 30 minutes. The purpose of an appraisal is to give your home a value based on as many relevant variables as possible. Do not be alarmed that the appraiser only comes into your home to take pictures. If the appraiser is unable to enter your home, you will need to reschedule your appraisal date - which could cause delays in your loan approval process.ģ. As long as there is someone at your residence to let the appraiser in, the assessment can continue. Unavailable the day of your appraisal? That won’t be a problem. They will consider what the housing market values, not necessarily what you find valuable. Just remember: The appraiser is an independent observer. This is an opportunity for you as the homeowner to briefly provide documentation on any updates or upgrades you have made to your residence, such as improvements to electrical or heating systems that may be more difficult to visually inspect. That way, their valuations consider all aspects of the home, not just the items they can see from the outside. Industry regulations mandate that appraisers visually inspect the outside and inside of your home. Make sure someone is there to let the appraiser in. While this usually happens in about a week, it could vary depending on how booked the appraiser’s schedule is at a given time.Ģ. On your appraiser’s side, he or she will need time to put an assessment together to establish your home’s value. As a result, you may need to provide additional documentation-and you know how much fun extra paperwork is. In addition, your loan could undergo credit expiration and rate-lock expiration. Doing so will help ensure a faster closing for your loan. Schedule the appraisal date for as soon as you and the appraiser can meet. Schedule the appraisal for the soonest possible date.Īfter Meridian sends in a request and pays for your appraisal, a local appraiser will contact you to set up your appointment.
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