THINGS TO REMEMBER FOR FHA LOAN APPRAISALS

By
Real Estate Agent with RE/MAX 1st Class 0542725

 

THINGS TO REMEMBER FOR FHA LOAN APPRAISALS

 

The following is a list of reminders that you need to be aware of when dealing with FHA appraisals...  Though many things can go wrong through the process of buying/selling homes, the appraisal is certainly integral to a successful closing.


  • All utilities must be on.

  • No exposed wood.  (All wood must be painted or stained.) (Paint must be scraped if home built prior to 1978.)

  • No rotted wood.

  • Must have flooring throughout home - stained concrete might not cut it depending on upon the appraiser.

  • HVAC system must cool and heat properly.

  • Appliances must work properly.

  • No leaks of any kind or signs of leaks (roof, under sink, etc.)

  • No mold or mildew.

  • All faucets and plumbing must work properly.

  • No exposed wired/all electrical fixtures must work operate.

  • No holes in the sheetrock.

  • No unpainted sheetrock.

  • No overlay roofs.  Roof should be in average condition.

  • If well/septic, must provide diagram info or survey showing layout of tanks.

 

Posted by

 

 

 

  
Brian Worrell - GRI, CNE
Bayou Properties Realty  |   The Worrell Team, Realtors
Cell  281-948-7042  |  Fax  832-514-7029  |  www.BrianWorrell.com

 

2015 Top 20 Rising Star of Real Estate Under 40 by HAR
    (Awarded for excellence in Sales, Leadership, and Community Service)
 
Consistent Multi-Million Dollar Top Producer
2011-2016 FIVE STAR Real Estate Professional as listed in Texas Monthly Magazine 
 

 


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Comments (6)

Ted J. Macy
Top Agents Atlanta Metro - Milton, GA

Great List for appraisals, thanks for posting, we need to remind our sellers of this list.

Sep 24, 2011 12:42 PM
League City, TX - Worrell Team, REALTORS, GRI, CNE
RE/MAX 1st Class - League City, TX

Hi Ted, Thanks for the speedy comment!  Indeed, there are so many parts to the real estate game.  I like to use reminder lists like this even though it's mostly second nature!

 

Cheers!

 

Brian

Sep 24, 2011 01:00 PM
Florida Tolbert Team Keller Williams Advantage
Keller Williams Advantage III Realty in Lake Nona - Orlando, FL
Keller Williams Land Luxury Division Specialist

When you are ready, I will certainly repost this one for you.

This is NEED TO KNOW for our sellers, REO owners, and listings.

Thanks so much for the great information. 

Sep 24, 2011 04:38 PM
League City, TX - Worrell Team, REALTORS, GRI, CNE
RE/MAX 1st Class - League City, TX

Kevin,

Repost at your convenience by clicking the "Re-Blog" button on the top...  I'm going to have to look up where the Treasure Coast is... any pirates?? Thanks for your comments- best of luck to you!

Brian

Sep 24, 2011 06:10 PM
Kathy Sheehan
Bay Equity, LLC 770-634-4021 - Atlanta, GA
Senior Loan Officer

The same would be true for USDA loans if you work in those areas.  

Sep 25, 2011 01:43 AM
Marguerite Roland
RE/MAX Allegiance - Burke, VA
Northern Virginia

Thank you for the reminder !!

It will save a lot of time.

Sep 26, 2011 04:52 PM