The appraisal report - what is it and what does it say?
When applying for a mortgage, the appraisal report is one of the most important documents for the lender. This document can substantiate that the property (the collateral for the mortgage) is worth enough. The appraisal will also highlight any important details of the property. In this article we explain what is included in the appraisal report and provide you with tips on how to accelerate the acceptance process of your mortgage.
The appraisal report includes
In addition to the market value, the appraisal report also highlights other important aspects. Examples would be the condition of the property or any soil contamination. The report also describes the cadastral information, whether there is a Homeowner’s Association, whether the property is located on private land or has been issued as a heritage building. In short, an important document for the lender in deciding whether or not to accept the mortgage application.
This is what we will do for you
We will fully support you in the appraisal process, so that you can be sure that the appraisal report will be created quickly and will suit your mortgage application. Viisi will request the appraisal from Maatwerk Woondiensten. Maatwerk is a party that has proven to provide speedy and quality service at competitive prices (€530 including expenses and VAT). We will then check the report on key points, so that we can address any concerns. Incidentally, the appraised value will be determined by the appraiser himself, on the basis of his own independent insight.
This is what you can do yourself
You can influence the speed of the acceptance process by regularly checking the most common elements of the report. Please see our checklist for more information.