Top 5 Most Common Appraisal Repairs

The type of loan you get heavily factors into the appraisal process. Typically, conventional loans require more money down. Since the buyer has more "skin in the game," the lender isn't as concerned about the condition of the property. However, FHA, USDA & VA loans require much less money down (if any!), so the bank wants to be 100% sure that the home is in a good enough condition to re-sell if the buyer should default on their loan. These types of loans come with a checklist of conditions that the home must pass before the bank will lend on them. Click the video for a quick overview of the most common required repairs I typically see on appraisal reports. 

Let me know if there's anything I can do for you. I'm here & happy to help!

Katina Hunter