Russell Smith Ops Manager Southern Region Mortgage & Business Coach Office: 910-418-4609 Mobile: 910-352-6344 Fax: 888-316-5802 Russell.s@ovmfinancial.com www.ovmfinancial.com/RussellSmith 1424 South J.K. Powell Blvd, Ste E Whiteville, NC 28472 NMLS#78989 Appraisal Checklist Tips to prepare for an Appraisal Presented by OVM Financial, Inc. Before you complete the home buying or selling process, it’s required that you first get an appraisal, which gives an estimate of your property’s value, on the home in question. The findings from an appraisal determine the amount a mort- gage lender will let you borrow for the property, while also protecting you from paying more than the house is worth. Additional Items (Doesn’t Affect Value, but Does Affect Perception & Pics) __ Mow the lawn, landscaping in great shape __ Declutter home __ Clean the pool (if applicable) __ Pressure wash house and driveway __ Utilities On (Appraisers will not turn on a circuit breaker) __ Power __ Hot Water __ Heat Source __ Peeling paint (especially homes built prior to 1978) __ Rotten wood __ Access to whole house including attic, basement, detached buildings __ Steps are sturdy __ Are there extra dwellings on property? Ie. Manufactured home. Probably need to remove __ Water stains: find source of leak, repair, and repaint stained area __ Loose hand railings __ Missing or broken shingles, roof at end of life expectancy __ Missing or not working built in appliances __ Excessive moisture in crawl space __ Wood conducive to termites under house. Remove unnecessary loose wood __ Signs of termites. Contact termite company __ Incomplete home improvements. Need to complete __ Non-permitted additions __ Location of well & septic (if applicable) __ Tripping hazards in home __ Who will be the point of contact for the appraiser __ Loose wires __ HOA documentation __ If specialty property (condo, manufactured, modular, etc), include documentation OVM Financial, Inc is an Equal Housing Lender. NMLS #86788 nmlsconsumeraccess.org. We lend to the following states: VA #MC-3038, NC #140706-104, SC #MLS- 86788, GA #46432, TN #1298677, TX-SML, MD #22748, FL #MLD1483, and CO-Licensed By Division of Real Estate www.ovmfinancial.com © 2018 OVM. All Rights Reserved.