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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 | 897 views | Buying | 2 years ago
Answer(5)
Chris Yochum
Dickson Realty
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.
- 1 year ago
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Gloria Mitchell
Wilkinson Triad Realty
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.
- 2 years ago
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Scott Carlson
BRIX Real Estate
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.
- 2 years ago
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Blayne Pacelli
Rodeo Realty
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.
- 2 years ago
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Erik Green
Better Homes and Gardens Real Estate
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.
- 2 years ago
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