7 Tips For Highest Property Appraisals

by CLT
(Culver City, CA, USA)

Ask Kate: 7 Tips For Highest Property Appraisals Kate, I am soon to apply for a reverse mortgage and of course want my home to get the highest appraisal possible. Is there anything that a home owner can do to influence the property appraisal of their home?

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Kate Answers: 7 Tips For Highest Property Appraisals

Dear Culver City Homeowner, Every homeowner wants the highest appraised value, especially for a reverse mortgage application.

The counterpart to reverse mortgage, the 30 year fixed rate mortgage, is also based on appraised value. But a reverse mortgage is unique in that it has no income or credit score requirements. So the appraised value is the focal point when obtaining a reverse mortgage.

To achieve the best outcome in your appraisal, pay attention to these pointers.

1- Manicure Edge and mow the grass and trim the bushes. While planting petunias in the flower beds won't raise your value, it will help to achieve a good first impression when the appraiser drives up to appraise your home.

2- Tidy Appraisers are people like you and me. I heard plenty of stories from appraisers about messy kitchens, piles of dirty laundry and the infamous teenager's room. So straighten up the house a bit. Maybe a lot. And freshen the air with open windows when the weather permits.

3- Leash Photos in the appraisal with a charging Rover means your appraiser was hurried. Send the pooch and even the cats to the neighbors if you can the day of the appraisal. Clean up after Spot and Fluffy in the backyard too.

4- Repair Quit procrastinating with drippy faucets and missing doorknobs. Turn your home into a repair-free zone.

5- Brag Jot down home improvement projects with the license number of the contractor who performed the tasks along with the cost.

6- Tour Monitor home sales within a mile or so of your home. Watch homes similar to yours for the final sales price. Write the price and address down for the appraiser.

7- Talk Not too much. With the exception of my Scottish appraiser who loved lingering over a cup of hot tea, most appraisers want in and out.

8- Speed Don't be discouraged if your property appraisal is over in a flash. This was the number one complaint I received about appraisers. The fact is most of their work is done away from your home.

My door is always open. Let me know how your appraisal goes. And check out the following Reverse Mortgage Guide by Kate found here on Get Your Best Mortgage Rate:

Finding The HELP You Need For Reverse Mortgages

What Is A Reverse Mortgage? Simply put, these specialty mortgages are equity loans created to produce income for homeowners without a monthly payment.

Dare to dream and take advantage of Reverse Home Mortgage income to lead a fuller life.

Disadvantages Of Reverse Mortgages can be overcome with professional evaluation. First of all, are you over the age of 62?

Not to be confused with home equity loans, Reverse Equity Mortgages require no repayment until the house is sold or the homeowner no longer lives in the house.

Lifetimes are spent creating homes. It's not surprising how popular the FHA Reverse Mortgage is among Seniors.

Ask Kate For Solutions - Ask a question to get an answer from Kate.

Reverse Mortgage Q and A - Questions regarding income for seniors minus the monthly payment, each with a individual answer from Kate.

Best Wishes,

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