The appraisal is one of the most important factors in real estate lending. Whether you’re refinancing, purchasing, or funding a flip, the value assigned during the appraisal determines your loan amount, your DSCR, and sometimes whether your deal can even move forward. Preparation is the key to ensuring an accurate and favorable outcome.
1. Clean and Prepare the Property
Appraisers evaluate condition.
A well-maintained, tidy property helps communicate value.
Small fixes—lightbulbs, loose doorknobs, minor repairs—make a difference.
2. Provide Comparable Sales (Comps)
Appraisers rely heavily on comps.
By providing your own:
- Recent sales
- Similar size and features
- Same neighborhood
You help ensure an accurate valuation.
3. Create a Renovation & Upgrade List
Document any work done:
- Flooring
- Roof
- HVAC
- Bathrooms
- Kitchen upgrades
Include dates, costs, and photos where possible.
4. Provide Rent Documentation (For DSCR Loans)
A strong lease boosts the income approach.
Include:
- Signed lease
- Rent receipts
- Market rent comps
This helps support DSCR and income valuation.
5. Ensure Smooth Access
Delays in access cause delays in reports.
Coordinate with tenants early and confirm availability to the appraiser.
6. Be Present If Possible
You’re not influencing their opinion—you’re providing clarity.
This avoids guesswork and misinterpretation.
7. Follow Up Professionally
If the report is late, follow up respectfully.
Professional borrowers often get priority communication.
Final Thoughts
Appraisal outcomes are not random. Preparation significantly increases the accuracy of the final report. By presenting a clean property, organized documentation, and helpful comps, you make the appraiser’s job easier—and increase the chances of receiving a valuation that reflects the true quality of your investment.
CONTACT;:WhatsApp: +1 448-230-7488
phone no : +1-201-680-0991
Email: annie@insightflending.com
