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.