Home Loan Remortgage - 7 Things to Do to Get Ready For the Appraiser

Every home loan mortgage, remortgage or refinance hinges upon someone determining the value of your property. Quite often it is an appraiser. Your interactions with the appraiser are going to be smoother if you are prepared and if you do not interfere. I know you do not intend to interfere; you are trying to be helpful. But 2 of the things people do to be helpful actually get them the opposite result.

1. Get a copy of your plat of survey ready. The appraiser is still going to verify measurements, but the plat usually has a lot of useful information (useful for the appraiser and for you).
2. Get a copy of your last tax bill ready. For appraisals done for a mortgage, the amount is required. But the main reason to provide the tax bill is so the appraiser has the correct PIN (property identification number). The correct PIN will enable them to do the proper research.
3. Clean your house. No, appraisers do not care but subconsciously they are affected. Make sure you present the house the same way you would if you had a prospective buyer come to see it.
4. Make sure everything is accessible. To properly appraise your home, the appraiser has to see your home, your entire home. Or else, they’ll have to make assumptions, which often are not correct. Your home loan remortgage will suffer. But usually the mortgage broker or loan officer has them come back when you can let them in whatever part of your property you could not the first time. They will, of course, charge you for the extra trip.
5. Open curtains, turn on lights. Darkness makes things look older, or makes the appraiser think you’re trying to hide something. They try to compensate one way or the other without even wanting to. You don’t want them.

And now the 2 that you think help but do not:

1. Do not show the appraiser old appraisals, they might influence them (even if they do not want to be influenced). I know, you think things will go faster. They do not, unless you made a mistake and hired a lazy appraiser who’s going to copy information from the old appraisal.
2. Do not follow appraisers, do not point out things to them as they are trying to do their work: distracted appraisers make mistakes. Review all that you’ve done to the home either before or after they start going through the house. But once they start to measure and look at things, let them do that.

If you do these 7 things you will have a better appraisal and your home loan mortgage, remortgage or refinance will benefit immensely.

Did you find this article helpful? You can get more remortgage information at http://www.RemortgagesBadCreditOrNot.com/remortgage_advice.html