The bank will assign an independent appraiser to appraise the property. We will coordinate time with all parties, I will do a market analysis and prep for value. Verify appraisal has been completed and note any conditions. Discuss options with you if appraisal is low, and schedule final inspection if there were any conditions.
- Set up appraisal
- Coordinate time with Seller, Agents, Buyer, Appraiser
- Do current CMA for appraiser
- Meet appraiser with CMA
- If VA, make sure CRV ordered and completed
- Track Appraisal Deadline
- Verify appraisal completed and satisfactory
- If appraisal low, discuss options with Buyer
- Discuss any conditions on appraisal with Buyer
- Schedule final inspection on appraisal conditions, if applicable
- Verify all conditions met prior to closing
