Is Your Property Appraisal Ready

Preparing for an appraisal inspection can pay huge dividends. According to Homes.com, appraisal problems cause about 13% of contracts to fail or delay closings.

Don’t let these common repairs put your closings in peril! Here are a few things to look out for to help ensure a positive and accurate appraisal.

  1.  Smoke detectors
  2.  CO2 detectors
  3.  Peeling paint
  4.  Water stains
  5.  Water heater double straps
  6.  Water heater downward facing pipe (pressure relief system)

 


* Specific loan program availability and requirements may vary. Please get in touch with your mortgage advisor for more information.