Appraisal Info

Commercial Appraisals

• A plot plan or survey of the improvements and land (if readily available).
• Information on the last purchase of the property if it's within the last three years.
• Written property agreements, such as a maintenance agreement for a shared driveway.
• List of personal property, including furniture, fixtures, and equipment (FF&E) to be included in the valuation.
• Title policy that describes encroachments or easements or deed restrictions.
• Property inspection reports, or other recent reports for termites, EIFS (synthetic stucco) wall systems, septic systems and wells, environmental studies, underground storage tanks, and or wetlands.
• Brag sheet that lists major improvements and upgrades, the date of their installation and their cost (for example, the addition of central air conditioning or roof repairs), and permits confirmation (if available).
• A copy of the current listing agreement and broker's data sheet and Purchase Agreement if a sale is "pending."
• Information on "Homeowners Associations" or condominium covenants and fees.
• A list of "Proposed" improvements if the property is to be appraised "As Complete."

Once your appraiser has arrived, you do not need to accompany him or her along on the entire site inspection, but you should be available to answer questions about your property and be willing to point out any notable improvements or problems.