Prepare for an Appraisal


Veritas Appraisals and Consulting, LLC's appraisal checklist:

To help the appraisal go as smoothly as possible we generally recommend to have these documents, if available, ready for the appraiser:


  • A plot plan or survey of the house/building and land (if readily available).

  • Records on the latest purchase of the property in the last three years.

  • Written property agreements, such as a maintenance agreement for a shared driveway or common wall.

  • A list of any personal property or equipment that will be left behind and sold with the home, such as an kitchen appliances or business equipment in the case of commercial properties.

  • Any paperwork, such as a title policy with information on encroachments or easements encroachments or easements.

  • Any inspection reports, or other recent reports for termites, EIFS (synthetic stucco) wall systems, your septic system and your well (if applicable).

  • Brag sheet that lists major property improvements and upgrades, the amount of their purchase and date of their installation (for example, the addition of energy efficiency upgrades or roof repairs) and permit confirmation (if available).

  • A copy of the current listing / broker's data sheet if the property is currently listed and purchase agreement if a sale is "pending".

  • Any "Homeowners Associations" agreements or, if applicable, condo covenants or fees.

  • A list of "proposed" improvements if the property is to be appraised "as complete".

  • For multi-family (rental) and commercial properties, income/expense history, copies of leases and/or rent rolls are also typicall needed.


Once your appraiser has arrived, you do not need to accompany them along on the entire site inspection, but it's helpful be present to answer questions about your property and be willing to point out any property improvements or features.


Here are some other suggestions:


  • Accessibility: Appraisers are very detailed in their inspections. Make sure that all areas of the home/building are accessible, especially the attic and crawl space. For commercial properties, be sure tenants will be able to make their space fully visible/available. 

  • Housekeeping: Appraisers see quite a few of homes a year and are no strangers to clutter, but appraisers do need to be able to see all parts of your property.

  • Maintenance: We generally recommend repairing small things like leaky faucets, missing door handles and trim as they can affect the overall quality rating of a property.

  • FHA and VA Inspection Items: If your borrower is applying for either an FHA or VA loan, we strongly recommend to ask your appraiser if there are extra things that should be done before they come. Some items they may recommend might be: having a banister on all stairways, ensuring there are electrical receptacles in every room (note: GFI outlets are no longer required) and that each outlet works, fixing leaky or dripping faucets, replacing broken glass.








By law, an appraiser must be state licensed to perform appraisals prepared for federally related transactions - i.e. transactions related to OTS, FDIC, etc.... Just give us a call at 866-895-9046 if you have any questions about the appraisal process.