Random Things That Effect Appraisals
In recent months I have experienced some unusual results with appraisals. I thought this list would be interesting to you if you are concerned about either buying or selling, and what will happen with the appraisal in the process. First, your lender will order the appraisal. They usually wait till after you have negotiated the repairs indicated on the property inspection. They wait because you are investing money into the inspection….and you will also be paying for the appraisal…and if you terminate your purchase based on the inspection report, they don’t want you to pay twice. Also some repair items may be dealt with during the repair process and thus won’t negatively impact your appraisal.
| List of RANDOM events that would COULD cause an appraisal re-inspection | |||||||||||
| Yes | No | Possibly | Event | ||||||||
|
|
X |
|
P trap on waste line has an improper connection or repair at kitchen sink | ||||||||
|
|
X |
|
50 year old home. | ||||||||
|
|
|
X |
Tree limbs in contact with roof. | ||||||||
|
|
X |
|
Entry doors are missing weather stripping. | ||||||||
|
X |
|
|
Guardrails on deck at front and rear are loose. | ||||||||
|
|
X |
|
Guard rail at steps on deck, rear of building does not have proper hand rail that can be gripped. | ||||||||
|
|
|
X |
Wood floor on deck has some boards that are deteriorated. | ||||||||
|
|
X |
|
Stairs to the basement are not uniform in riser height. | ||||||||
|
|
|
X |
One window is cloudy (moisture is trapped between the panes) at the rear of sun porch. | ||||||||
|
X |
|
|
Cracked glass in some windows throughout the home. | ||||||||
|
|
X |
|
Toilet fill valve leaks at the hall bath. Stop valve does not work properly. | ||||||||
|
|
|
X |
Water heather is not strapped on top and bottom of 3rds. | ||||||||
|
|
X |
|
Light BULBS do not work at various locations. | ||||||||
|
X |
|
|
Exposed splices at rear of home under the deck. | ||||||||
|
|
X |
|
3 prong outlets are not grounded throughout the home. | ||||||||
|
|
|
X |
Exposed wiring at ceiling on rear enclosed porch. | ||||||||
|
X |
|
|
No smoke or CO detectors. | ||||||||
|
|
X |
|
NO individual heat source for upstairs bedroom – one source. | ||||||||
|
|
X |
|
Fire bricks for fireplace in living room are cracked at the rear. | ||||||||
|
X |
|
|
Plastic vapor retarder on crawlspace is missing. | ||||||||
|
X |
|
|
Foundation has hold large enough for rodents where flue for furnace exhausts. | ||||||||
|
|
X |
|
Dryer vent piping does not have a proper weather hood. | ||||||||
|
X |
|
|
Wood trim is peeling at most windows. | ||||||||
