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  - Application essentials


  - Appraisals        

     1. The Basics

     2. Methods

     3. Why They're Needed

     4. Establishing Market Price

     5. When do I Order

     6. Assisting The Appraiser

  - Credit ratings
  - Down Payment
  - Insurance
     - Refinance considerations
  

 

Appraisals

Assisting the Appraiser

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Once you have selected an appraiser, be prepared to answer questions and provide requested information.

  • What is the purpose of the appraisal?
  • When is the required completion date of the appraisal?
  • Is property listed for sale and if so, for how much and with whom?
  • Is there a mortgage? If so, with whom, when placed, for how much, type of mortgage [FHA, VA etc.], interest rate, and any other types of financing.
  • What personal property, such as appliances, are included ?
  • If it is an income producing property, provide a breakdown of income and expenses for the last year or two and a copy of leases.
  • Provide a copy of deed, survey, purchase agreement or other pertinent papers pertaining to the property.
  • Provide a copy of current real estate tax bill, statement of special assessments, balance owing and on what [sewer, water, etc.].

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