Lafayette Appraisal Prep 5 Simple Ideas – Ted M. Daigle – Realtor

Lafayette Appraisal Prep 5 Simple Ideas – Ted M. Daigle – Realtor

You’ve probably heard the wry old saying: “Nothing clears the mind like the prospect of being hanged at dawn.” For some homeowners, you could add an equally wry modern Lafayette real estate version: “Nothing clears the mind like having a real estate appraiser drop by for a look-see.”

I’d like to counter that notion—there’s really not much to worry over when the Lafayette real estate appraiser is scheduled to make an appearance. The stress level can be lowered by keeping a few simple ideas in mind:

Appraisals aren’t showings. Sure, you want to have the house as spruced up and orderly as you would for any visitor. But your Lafayette property doesn’t have to present the kind of perfection it will for an open house or prospective buyer showing. Experienced Lafayette appraisers aren’t looking for a 100% clutter-free, immaculate show-stopper of a home: they will be concentrating on physical details like square footage and structural and mechanical features. They are more like backstage workers than audience members—but neatness can’t hurt!

Paperwork is a plus. If they are available, dig out any floor plans or location plats you may have filed away. Also, the age of your home is one thing, but updated features can boost the end appraisal value. If you prepare a list of improvements and the years in which they were completed, it will make the appraiser’s job that much easier—and your Lafayette home’s appraisal that much better.

Curb appeal is the exception. Appraisals aren’t showings, but no one—even the professional who prepares your Lafayette appraisal—is immune to the “first impression” effect. Condition is a factor in any appraisal, so it will be worthwhile to be sure the front lawn is mowed and plantings trimmed. If the front doorway is in need of a paint refresher, it will be effort worth making.

Consideration helps. The appraiser’s job is part physical, so being considerate of that part of the appraisal process will be appreciated. Be sure that obstructions are cleared, that rooms are appropriately heated and cooled—and that Lassie and Garfield aren’t allowed to pester.

New good news is good news. If there have been positive changes in the neighborhood, it can’t hurt to let the appraiser know about them. Lafayette may be part of a rising market, but appraisers don’t speculate on future values. Supplying some positive neighborhood developments can be persuasive.

There is another “nothing clears the mind” quote, too: Nothing clears the mind like buying property. That saying isn’t wry at all: it’s absolutely true! If you are setting out on your own Lafayette house hunt, I hope you’ll give me a call to help focus your search. And if you’re readying to sell your own Lafayette property (which puts you in the soon-to-be-visited-by-the-appraiser category) the same applies. Please don’t hesitate to give me a call!

Ted M. Daigle 

www.ListingWithTed.com

Ted’s Top 5

It’s Time To Experience The Home Buying Process – Ted M. Daigle – Realtor.

It’s Time To Experience The Home Buying Process – Ted M. Daigle – Realtor.

  1. Meet with a real estate professional: Discuss the type of home you’re looking for, including style, price, and location.

  2. Image title

    Click Above To Get Pre-Approved For A Mortgage.

    The Buyer’s Advantage: As the home buyer, your agent’s commission is paid by the seller of the home in almost all circumstances. This means your representation costs you nothing!

  3. Get Pre-Approved: You will need pay stubs, W2s, and bank statements. Knowing what you can afford is critical to a successful home shopping experience

  4. Search for Homes: The fun part! Your agent will schedule showings and help you find the perfect home.

  5. Advanced Search: Not all real estate websites are the same. Your real estate professional has tools and systems to ensure you see every available home that meets your criteria.

  6. Make an Offer: Your agent will prepare your offer based on the price and terms you choose.

  7. Negotiation and Contract: It may take a few tries to get it just right, but hang in there. You’re on your way!

    real estate in lafyayette la

    Click Above To Watch Episode 2 on Ted’s Top 5!

  8. The Contract: In most cases the contract provides you with a timeline to obtain financing as well as time to inspect the physical condition of the home. Your real estate professional will inform you of all your rights and responsibilities related to the contract.

  9. Under Contract or In Escrow: You and the seller have agreed to the price and terms. The home is effectively held for you until closing.

  10. Final Details: Perform due diligence, order the appraisal, conduct an inspection, and review terms with the lender.

  11. Preparing for Closing: You will be finalizing your loan, reviewing documents, and discussing the findings from the inspection. Your agent will manage this entire process for you.

  12. Closing: This is the transfer of funds and ownership. A title company or an attorney typically acts as an independent third party to facilitate the closing.

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