{"id":724,"date":"2018-05-03T18:42:17","date_gmt":"2018-05-03T22:42:17","guid":{"rendered":"https:\/\/www.yourhome1source.com\/blog\/?p=724"},"modified":"2018-05-03T18:42:17","modified_gmt":"2018-05-03T22:42:17","slug":"six-things-to-help-your-house-appraise","status":"publish","type":"post","link":"https:\/\/www.yourhome1source.com\/blog\/six-things-to-help-your-house-appraise\/","title":{"rendered":"Six Things to Help Your House Appraise"},"content":{"rendered":"<p>You\u2019ve sold your house. It passed inspection, and your buyer has been pre-approved for a mortgage. But don\u2019t breathe a sigh of relief just yet \u2013 the house still needs to appraise for your deal to close as planned.<\/p>\n<p>Appraisers play an important role in the home buying and selling process. Whenever a mortgage is originated\u2014by a buyer to help finance a home purchase or by a homeowner who\u2019s refinancing\u2014the lender requires an appraisal to confirm the value of the house.<\/p>\n<p>Appraisers calculate that value by inspecting the home, determining the number of rooms, evaluating its condition and other features, etc. and then comparing it to similar homes that sold in the neighborhood.<\/p>\n<p>Since a sale often depends on getting a satisfactory appraisal supporting the contract price, sellers should do what they can to help the appraisal process along. Consider doing the following:<\/p>\n<ul>\n<li><span class=\"semi-bold\">Clean up.<\/span> You want the house to show well. Eliminating clutter can also help rooms appear larger. While some say the appraiser &quot;sees past the clutter,&quot; don\u2019t risk the unfavorable view and opinion.  Clean up.<\/li>\n<li><span class=\"semi-bold\">Give the appraiser a list of significant improvements you\u2019ve made to the property.<\/span> Certain improvements\u2014a new roof, air conditioner, appliances, electrical panel, etc.\u2014may add value to the house. Often, an appraiser will gather data prior to visiting the home, so unless you point out significant and valuable updates and quality features, a pre-determined valuation could threaten your sale.<\/li>\n<li><span class=\"semi-bold\">Inform the appraiser about your neighborhood.<\/span> Let him or her know about features that add value and make your home more desirable to buyers, such as walkability to schools and shopping, top-rated schools and nearby amenities such as parks or recreational facilities.<\/li>\n<li><span class=\"semi-bold\">Provide the appraiser with information on comparable homes in the neighborhood.<\/span> Mention nearby homes that have sold recently, and any known factors that might have affected those sales negatively such as disrepair, an outdated interior, a foundation settlement issue or problems like mold or moisture in the home due to a leaky roof. That way, if a comparable home sold for less money, the appraiser will be fully informed and may make value adjustments due to those issues.<\/li>\n<li><span class=\"semi-bold\">Tell the story of the sale.<\/span> If your home sold for the full listing price because of recent upgrades, it\u2019s on a larger lot, has an outdoor kitchen, various high-end landscaping improvements or has the best curb-appeal in the area, the appraiser doesn\u2019t know those details unless you fill him in. &quot;While that\u2019s anecdotal, it\u2019s part of the narrative of the transaction,&quot; says Jonathan Miller, president and chief executive officer of Miller Samuel Inc., a real-estate appraisal and consulting firm in New York. &quot;Why not share that?&quot;<\/li>\n<li><span class=\"semi-bold\">Let the appraiser do his job.<\/span> &quot;When you have a broker or a seller in your personal space the entire inspection\u2014and this is very common\u2014it\u2019s very frustrating and you miss a lot of the positives of the house,&quot; Miller says. While appraisals are based on data, they also involve a lot of subjectivity on the part of the appraiser. It\u2019s in your best interest to make his job as easy and pleasant as possible.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>You\u2019ve sold your house. It passed inspection, and your buyer has been pre-approved for a mortgage. But don\u2019t breathe a sigh of relief just yet \u2013 the house still needs to appraise for your deal to close as planned. Appraisers play an important role in the home buying and selling process. Whenever a mortgage is [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":729,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[],"coauthors":[1396],"class_list":["post-724","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buy-or-sell-a-home"],"_links":{"self":[{"href":"https:\/\/www.yourhome1source.com\/blog\/wp-json\/wp\/v2\/posts\/724","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.yourhome1source.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.yourhome1source.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.yourhome1source.com\/blog\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.yourhome1source.com\/blog\/wp-json\/wp\/v2\/comments?post=724"}],"version-history":[{"count":2,"href":"https:\/\/www.yourhome1source.com\/blog\/wp-json\/wp\/v2\/posts\/724\/revisions"}],"predecessor-version":[{"id":728,"href":"https:\/\/www.yourhome1source.com\/blog\/wp-json\/wp\/v2\/posts\/724\/revisions\/728"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.yourhome1source.com\/blog\/wp-json\/wp\/v2\/media\/729"}],"wp:attachment":[{"href":"https:\/\/www.yourhome1source.com\/blog\/wp-json\/wp\/v2\/media?parent=724"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.yourhome1source.com\/blog\/wp-json\/wp\/v2\/categories?post=724"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.yourhome1source.com\/blog\/wp-json\/wp\/v2\/tags?post=724"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.yourhome1source.com\/blog\/wp-json\/wp\/v2\/coauthors?post=724"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}