![]() Their job is to get the most accurate valuation of a home as possible. That has direct impact on the final amount you can sell your home for and how much a buyer is able to pay.Īn appraiser is independent by law. The appraisal gives a third-party assessment of a home’s fair market value, which has implications on how much a mortgage lender will let a buyer borrow to make an offer. ![]() Please note that your email address is kept private upon posting.When you’re selling your home, the appraisal is a crucial step in the process. I’m seeing this as a great real estate agent checklist! But we have covered the most popular ones. There are things such as curled up floor covering (tripping hazard) or bowed flooring. Therefore, make a thorough inspection for any peeling paint and remedy that prior to inspection This is because the paint chips may contain lead paint which can cause issues if children eat it. Even if it is a little bit on the inside or outside. Just think, the appraiser must make sure the systems in the house meet VA standards, so the power must be on.įinally, the last and most popular VA appraisal issue! Peeling paint on a home built prior to 1978. Believe it or not, this is the power or hot water is turned off. Usually only the drop in type is required, but it is up to the appraiser.Īlso the 2nd most popular is the easiest to avoid (except foreclosures). Homes must have a permanent heat source, access to hot water, and even a stove. Then, missing HVAC, hot water heater, or drop in stove are prevalent problems. Plan on a railing installation if a porch is high. So go ahead and tighten railings on any steps up-front. Loose or missing handrails are extremely common safety hazard. ![]() ![]() Most Frequent VA Appraisal Issuesįinally, there are the big 4! These are by far, the most popular VA appraisal setbacks we see. Obvious concerns would be stability of the structure, mold from moisture, or being conducive to termites. Frequent rotted areas include door frames or thresholds, garage doors, or porch railings. This is very common where wood is close to the ground. In these cases, an appraiser will usually condition for an inspection by a qualified professional. Water stains or appearance of a leak must be addressed as well. So cap off wires and install outlet covers correctly. Exposed wiring is an obvious safety hazard, even when on the ceiling. Let’s look at other common but avoidable issues. Plus the safety eye protects children from a door closing on them. Basically, people must be able to get out of the garage easily. The doors must open and the safety eye must function. Probably the most complaints stem from garage doors. If the attic or crawl space are not accessible, the appraiser will require a re-inspection. But this is a safety concern as someone could easily get hurt.Īppraisers must have full access to the dwelling and any other structures on the property. For instance, most believe a dilapidated outbuilding could just be excluded from the appraised value. You will notice that much of this list is because of safety issues. Also stuck windows are considered a safety concern. First, window issues include broken windows and even possibly broken seals. Most of these are pretty self-explanatory, but let’s expand on these fairly popular yet avoidable issues. There are some little known and overlooked areas. Peeling paint in or on homes built prior to 1978.Missing stove, HVAC, hot water heater, or other essentials.Inaccessible areas of the house such as attic or crawlspace.Broken windows or windows that won’t open.Rotten wood around fascia boards, doors, & garage doors.Then we compiled the following list plus explain each in more detail below. We polled processors, VA underwriters, and even appraisers. So, we thoroughly researched this subject. Although, today let’s talk specifically about the VA appraisal. One of our most popular articles is “ Appraisal requirements to prevent closing delays and extra costs“. We have actually written several helpful articles referencing appraisals. Really, a VA appraisal isn’t that bad when you know what the appraiser is looking for. The dreaded VA Appraisal! Yes, that stage of the purchase that makes realtors and sellers cringe.
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