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[quote=Anonymous]We're refinancing our house.  As we're doing a cash out refinance which will have a better rate if we have more than 40 percent equity, we're anxious to maximise our chances of a strong value.

Any advice on how to prepare for an appraisal?  Does it make a difference if we spend a lot of time cleaning/decluttering etc or not?  Is it going to be worth the effort?  What's the etiquette on giving info to the appraiser about comps and the neighborhood?   FWIW I'm not convinced that the appraiser is particularly familiar with our specific neighborhood as he's  driving in from Maryland and while I don't know where exactly I'm guessing it's far out as he said he couldn't be here before 11am because of traffic!  (We're in DC).  This is a gentrifying neighborhood and prices can vary by the block here.  Also, the comps I've looked at clearly fit into two camps 1) fully renovated near immaculate homes and 2) investor special fixer uppers.  The former sell for $500k and up, and the latter $250-350.  Our house is neither.  It's mostly renovated and while the sq footage is similar to some of the $500k plus homes, we haven't added bathrooms as those homes invariably have.  Bottom line, I think it will be tough to find really useful comps.  We're hoping it will appraise for more than $400k.

Any tips if you've been through the process recently?  Or any appraisers reading this who can advise what helps and what hinders your decisions?[/quote]

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