I now know what to do when we get to the appraisal stage....

I attended a local REI meeting and did a bit of networking. On top of that one of the speakers talked about how to stack the odds in your favor when it's time for the appraisal. Thought I would share with you....

1) Once the house is under contract remove the key box. That way, when the inspector and appraiser need to do a site inspection they have to have your or your agent there. Face time is valuable.
2) Have your agent make a copy of the comps you used to establish the price. You want to be able to give this information to the appraiser.
3) Have a list of all improvements you have done to the home including the approximate costs. That way you have a way of justifying what you did.
4) Make sure the appraiser has your contact information with them. I gave my card to the appraiser. That way it's all together and at their fingertips just in case they have a question.

So I did this with one of my properties and it all went smoothly. Will definitely do this again!

Hope this helps!
Susan

Good job

reinvestor42's picture

stage house if u can afford