What kind of photos do you need for a home appraiser?
Many require a photo of every room as well as front, side, and rear exterior photos. If a property has additional features such as a barn, workshop, pool, etc, many lenders will require photos of those features as well. Appraisers will document what they have observed.
What do you need to know about an appraisal?
To prove this was done the appraisal must contain pictures of the attic and crawlspace. These pictures can show potential problems like prior fire damage in the attic or settlement cracks in the basement. External factors include things outside of the boundaries of the subject property.
Can a FHA appraiser take pictures of the attic?
Attic and crawlspace Appraisers who perform FHA appraisals are required to perform at a minimum a head and shoulders inspection of both the attic and crawlspace. To prove this was done the appraisal must contain pictures of the attic and crawlspace.
What to look for in an appraisal for a refinance?
If your appraisal is for a loan either a refinance or a purchase, the lender will have requirements of the appraiser to take pictures. Here are the actual guidelines from Fannie Mae and from FHA: examples of recent updates, such as restoration, remodeling, and renovation, if present.
Why do you need to include pictures in an appraisal?
appraising as well as its condition, however by including pictures the reader is better able to form a more accurate image of what the home looks like, and the pictures back up what the appraiser writes about in the appraisal report. By including pictures of every room you can see if construction quality is consistent throughout the home.
How long does a home appraisal usually take?
A home appraisal is much shorter than a home inspection. The home appraisal typically only lasts about 30 to 45 minutes in total. While conducting the appraisal, the appraiser will take pictures of all rooms in the home, the garage, and the outside of the home.
Do you need an appraiser to appraise your home?
A visit from an appraiser is an inevitable part of selling your home. Even if your buyer is happy to pay what you ask and loves the place, the lender will still require that an objective third party – in the form of a professional appraiser – come through the home to determine its value.
How does an appraiser determine the value of a home?
A home appraisal is an estimate of the home’s value. It is typically determined by having a licensed appraiser inspect the home and researching the price homes have recently sold for in the area. Prior to buying a home, a mortgage lender will require a home appraisal to ensure the home is worth the amount the seller is asking.
