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How long does an appraisal take?

When do I make the appointment and how much out of my day can I expect one to take?

Asked by Jen K | Anchorage, AK| 02-09-2023| 2,312 views|Buying|Updated 11 months ago

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MICHAEL MARTINReal Estate Agent2 months ago
Rising Star25 Answers

Once your lender orders the appraisal, the appraiser will contact the appropriate party to schedule access. The onsite visit typically takes 30 minutes to two hours, depending on the property’s size, condition, and complexity. You usually don’t need to attend. The completed report generally arrives within several business days afterward.

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Zoltan PeresztegiReal Estate Agent3 months ago

Jen, there are really two clocks here, and mixing them up is what causes the confusion. The visit: the appraiser is usually at the home only about 20 to 45 minutes for a typical single-family house, a bit longer for large or unusual properties. Quick. The turnaround: from the time your lender orders it to the time the report comes back is usually about 5 to 10 business days. That is the number that actually affects your closing. What stretches the timeline: - Appraiser availability in your area. Rural or busy markets run longer, and I would expect Alaska to vary a lot by location and season. - Complex or unique homes with few recent comparable sales. - The lender being slow to order it. On a purchase, order the appraisal as soon as you are in contract and past inspection. Do not wait. A couple of practical notes: on a purchase loan your lender orders the appraisal (you do not pick the appraiser), the cost commonly runs a few hundred dollars and up depending on the property, and if you are buying cash you can still order one for your own peace of mind. Build roughly two weeks of appraisal cushion into your contract timeline and you will rarely be caught short. I am a real estate professional in the South Bay of Los Angeles, so I am not local to Anchorage, but I can connect you with a vetted Alaska agent to keep your timeline on track. Just reach out. Zoltan

Juan PicosReal Estate Agent4 months ago

The actual appraisal visit usually takes **30 minutes to 2 hours**, depending on the size and condition of the home. After that: • The appraiser still needs time to review comps and write the report • Total turnaround is typically **2–7 days**, sometimes longer in busy markets You don’t need to do much for the appointment—just make sure the home is accessible so they can check everything they need.

Loodmy JacquesReal Estate Agent6 months ago

Once it’s ordered, an appraisal usually takes about 3 to 7 days to come back. The actual visit is quick. The appraiser is typically at the house for 20 to 45 minutes, sometimes a bit longer for larger or unique homes. You usually don’t need to be there unless you want to be. Simple way to think about it. Short visit, few days for the report.

Keith Jean PierreReal Estate Agent6 months ago

The actual appraisal does not take a significant amount of time. For the average size home; say under 2500 square feet, you are typically looking at under half an hour. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

Chris NevadaReal Estate Agent7 months ago
Semi-Pro43 Answers

The appraisal visit itself is usually pretty quick—about 30 minutes to 1 hour for a normal single‑family home, maybe up to 2–3 hours if it’s large or unusual. Your lender (or you, if paying cash) typically orders the appraisal after your offer is accepted, and the appraiser then schedules with the seller; you usually don’t need to do much or be there, and the full process from order to finished report often takes about 1–2 weeks.

Chris YochumReal Estate Agent3 years ago

The actual appraisal inspection can take as little as 1 minute and as long as an hour depending on the particular appraiser and the extent of the property they are appraising. Most take about 15 minutes in my experience.

Scott CarlsonReal Estate Agent3 years ago
Rising Star11 Answers

Hi Jen, The loan officer would be the one ordering the appraisal if your selling your home, if your just wondering about your homes value I would speak to a local realtor. As for how long it takes, they should be done in about an hour. Hope this helps.

Erik GreenReal Estate Agent3 years ago
Novice3 Answers

Hello, Looks like you may be questioning how long the actual appraisal inspection takes so you can plan your day. It will depend on the actual appraiser. I have had some do the inspection within 20-30 minutes and others take over an hour. Depending on the size of your home I would say in those timeframes.

Gloria MitchellReal Estate Agent3 years ago
Semi-Pro42 Answers

Appraisals generally take about two to four weeks to complete depending on the complexity of the appraisal and the availability of the appraiser. Factors such as the size of the property, the number of comparable sales, the current housing market and any required inspections can also increase the time it takes for an appraisal to be completed.

Blayne PacelliReal Estate Agent3 years ago
Rising Star9 Answers

As soon as you get into escrow you should order an appraisal through your lender. The cost is around 500.00. They typically will arrive within a week and take about 5 days to get your lender the appraisal. In California you have 17 days as the contract is written to release your appraisal contingency. You want to know if the bank feels like you over paid or not. Also, even if the appraiser feels like the property is worth more than you are in escrow most appraisers will not come in over the price that you are in escrow for.

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