To facilitate the appraisal process, it's beneficial to have these documents ready for the appraiser:
- A plot plan or survey of the house and land (if readily available)
- Information on the latest purchase of the property in the last three years
- Written property agreements, such as a maintenance agreement for a shared driveway
- List of personal property to be sold with the home
- Title policy that describes encroachments or easements
- Most recent real estate tax bill and or legal description of the property
- Home inspection reports, or other recent reports for termites, EIFS (synthetic stucco) wall systems, septic systems and wells
- Brag sheet that lists major home improvements and upgrades, the date of their installation and their cost (for example, the addition of central air conditioning or roof repairs) and permit confirmation (if available)
- A copy of the current listing agreement and broker's data sheet and Purchase Agreement if a sale is "pending"
- Information on "Homeowners Associations" or condominium covenants and fees
- A list of "Proposed" improvements if the property is to be appraised "As Complete"
Once your appraiser has arrived, you do not need to accompany him or her along on the entire site inspection, but you should be available to answer questions about your property and be willing to point out any home improvements.
Georgia Fee Study 2015
Ansi Measuring Standard 2003
FHA Mortgage Letter 2005
40001 FHA Handbook
Single family URAR UAD Bank Appraiser Form
FHA Repairs Handbook