Which documents are commonly required for an appraisal?

Property deeds and condition reports are essential documents commonly required for an appraisal because they provide critical information about the property being assessed. The property deed reveals the ownership history and legal description of the property, which is vital for the appraiser to confirm the identity of the property and assess its attributes accurately. Additionally, condition reports describe the state of the property, detailing any issues or aspects that could affect its value, such as structural integrity, repairs needed, or recent improvements.

These documents help the appraiser establish a solid foundation for analyzing the property's value based on its legal and physical characteristics. Other options, such as home inspection reports and neighborhood sales reports, while potentially relevant, do not carry the same level of necessity as the deed and condition reports for validating ownership and assessing the property's present condition. Bank loan agreements are primarily financial documents that relate to the financing of the property rather than its value assessment.