Prior to meeting the appraiser, make sure there are no safety hazards. An appraiser will typically note in the appraisal report if there are any bedroom windows with safety bars without a release lever, empty pools/spas, exposed electrical wiring, exposed sub-flooring, chipping paint, water damage, holes in the walls, etc. Once noted in the report, lenders typically require that these items be repaired prior to the close of escrow. This usually means that the appraiser has to come back out, take a picture of the repair, and submit an additional report. This takes time and holds up escrow.
The inspection takes about an hour for a typical home. This includes measuring the exterior, taking notes, and photographs.
Appraisers can only send a copy to the Client named in the report. If it is a financial transaction (refinance, purchase, etc.), then the bank is typically the client and I can only release a copy to them.
Yes, I am Certified Residential Appraiser in the State of California and also have a Broker's License.
Copyright © 2023 Silver Ace Real Estate Co, Inc. - Los Angeles Appraiser - All Rights Reserved.
Powered by GoDaddy