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.