This is a checklist given to me by an Appraisal Management Company. It can literally save you thousands of dollars and may prevent delaying or even killing a transaction due to property condition.
FHA APPRAISAL PREP CHECKLIST
1. Carbon Monoxide (CO) Detectors – ALL LEVELS
2. Electricity ON
3. Water ON
4. Gas ON
5. Water Heater DOUBLE STRAPPED
6. Hot Water – FUNCTIONAL
7. C/HA - FUNCTIONAL
8. Kitchen Appliances – FUNCTIONAL
9. Pool – FULL/EMPTY/GREEN MUST NOT PRESENT HEALTH/SAFETY ISSUE
10. Spa - FULL/EMPTY/GREEN MUST NOT PRESENT HEALTH/SAFETY ISSUE
11. Out building – Condition?
12. Safety? (Railings on decks/patios over 30” tall, hand rails for stairs w/more
than 3 steps)
13. (GFI’s within 6’ of water source IE: Kitchen, Bathrooms, Laundry, Sinks)
14. Soundness? (No broken/missing exterior windows/doors)
15. Security? (All doors/windows to be lockable and secure)
16. No exterior Peeling Paint or Bare wood
17. Any unpermitted buildings/additions? If so, completed in “Workman like
manner”?
18. Any noticeable dry rot or mold?
19. Any bare wires from light fixtures or wall plates? If so, cap with wire nuts.
20. Fire rated door from Garage entrance to Property
It’s very important you deal with a team of professionals that understand the nuances of FHA financing and property condition to help you navigate through the process. We have one of the best teams in the business from underwriters to great local appraisers and are here to make your transaction a smooth one.
Garrick Werdmulller, Vice President of Mortgage Lending
510.282.5456/Garrick.werdmuller@guaranteedrate.com
https://www.guaranteedrate.com/GarrickWerdmuller
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