An appraisal is a professional’s opinion of your home’s market value. Lenders will order an appraisal for home purchase loans to make sure the home is worth the price being paid. Often appraisals are needed to refinance as well. The video below will help Sellers understand the appraisal process and what the appraiser will take into consideration.
The most common noted appraisal repair is “peeling paint” on the exterior of a home.
Before Listing your Lake Charles LA home for Sale, view the Checklist I included for Sellers. If anything is broken or in need of repair, the Seller should take care of that before listing the home for sale. If not, the buyer’s home inspector will probably point out the issues as well as the Appraiser. Any noted repairs made on the home appraisal will have to be fixed in order for a Buyer to obtain financing.
Walk around the exterior of your Lake Charles home and if you know you have rotten boards, facia, soffits or peeling paint on wood trim, take care of those items ahead of time!
Not only will the exterior be noted but the interior of the home could have red flags also if there is any missing flooring, holes in the sheetrock or appliances do not work.
Copyright 2014© Marilyn Boudreaux
Marilyn Boudreaux, REALTOR® 337-499-9592
Century 21 Mike D. Bono & Co.’s
4410 Nelson Road
Lake Charles, LA USA 70605