1. Sales Price:
The sales price of the property is important in determining whether or not a loan can be approved.
The age of the property should be taken into consideration as it could affect its value and condition.
The condition of the home should be assessed to ensure that it will meet all requirements for financing.
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.
All necessary documentation must be collected and reviewed to ensure that all requirements for financing have been met.