1. Sales Price:
The sales price of the property is important in determining whether or not a loan can be approved.
2. Age:
The age of the property should be taken into consideration as it could affect its value and condition.
3. Condition:
The condition of the home should be assessed to ensure that it will meet all requirements for financing.
4. Location:
The location of the property needs to be taken into account when assessing its desirability and potential resale value.
5. Repairs & Improvements:
Any repairs or improvements that may need to be made should be identified and factored into the appraisal process.
6. Title History:
All title history information must be reviewed to ensure that there are no outstanding liens or encumbrances on the property.
7. Market Trends:
The current market trends in the area should be taken into consideration when assessing value and determining whether a loan can be approved.
8. Documentation:
All necessary documentation must be collected and reviewed to ensure that all requirements for financing have been met.
