3,350,439
Depends on the bank. I recently had an appraisal with Chase completed on day 2 and the report was turned in on day 5. That is pretty darn fast.
The process remains broken. Paying a part of a fee for an appraisal is a good reason for them not getting done. Especially when the appraisers have enough local business to put food on their table and pay their mortgage.
-
Andrew Mooers | 207.53...
Houlton, ME
-
Nina Hollander, Broker
Charlotte, NC
-
Fred Griffin Florida R...
Tallahassee, FL
4,319,773
Andrew Mooers - that says a lot about small local banks!
It is the same story at most of the places, I guess.
-
Andrew Mooers | 207.53...
Houlton, ME
-
Nina Hollander, Broker
Charlotte, NC
400,356
I've never heard of a four month wait time for an appraisal. That's just outrageous.
-
Tony and Suzanne Marri...
Scottsdale, AZ
-
Nina Hollander, Broker
Charlotte, NC
91,335
I recommend mortgage bankers (who underwrite their own loans) vs. the big banks. Also community banks. I've found much less hassle with appraisals this way.
-
Andrew Mooers | 207.53...
Houlton, ME
-
Nina Hollander, Broker
Charlotte, NC
6,424,196
All my deals are done with a local bank, and my banker can get the deal done as quick as we can get the title insurance. Generally about 3 days to a week.
-
Bob Crane
Stevens Point, WI
-
Andrew Mooers | 207.53...
Houlton, ME
5,772,929
Andrew,
I think it depends on the bank management and their way of doing business. A
-
Andrew Mooers | 207.53...
Houlton, ME
-
Nina Hollander, Broker
Charlotte, NC
2,684,769
Use a bank with in-house underwriters.
-
Andrew Mooers | 207.53...
Houlton, ME
-
Nina Hollander, Broker
Charlotte, NC
5,033,001
I've never never heard of a four month turn around..would never happen in TX. Local lenders do better here than the bog box like Wells Fargo, Chase and BOA. There is always the exception.
-
Andrew Mooers | 207.53...
Houlton, ME
991,652
Don't get me started on Appraisals
They're now doing CMA's as appraisals in my area - I'm so not OK with this!
-
Andrew Mooers | 207.53...
Houlton, ME
1,625,153
I never understand why it takes so long to get appraiser. Usually it is ready the second day after inspection but lost in the digital mess for a week or two. I like small local lenders as well.
-
Nina Hollander, Broker
Charlotte, NC
3,988,013
It is taking 2-3 weeks on appraisal turnarounds. They are regularly holding up the closings in Clarksville TN.
-
Nina Hollander, Broker
Charlotte, NC
1,554,680
NO BANKS
I use a broker: Jason E. Gordon
-
Nina Hollander, Broker
Charlotte, NC
3,986,308
I have not had much of any issues so far.
-
Nina Hollander, Broker
Charlotte, NC
716,891
We typically get better service with a local lender.
-
Nina Hollander, Broker
Charlotte, NC
2,222,275
1,242,204
major lender and reputable locally loan officer only. If banks can not fund we make buyers or loan officer to pay penalty per diem. Right now: 21 days max 25 days for closing before penalty applies. No appraisal contigiency.
-
Andrew Mooers | 207.53...
Houlton, ME
5,879,125
We are seeing a much better turn around time now with all appriasals, mostly within two weeks.
4,966,102
In our area some appraisals are taking forever unless you pay more for them for a rush job!
809,258
We haven't seemed to have much trouble with appraisal turn around times here. They are generally a couple of weeks or less. -Kasey
1,506,773
1,617,916
5,244,268
Appraisal time has not been an issue is areas I have serviced, but have heard some horror stories about out of area appraisers!
599,734
5,583,328
we don't have a very long wait for the results of the appraisal.... maybe a week....
1,728,667
We shy away from the local banks, becasue, frankly, there are none to be found in Sarasota, or San Diego.
4,800,132
3,416,038
Third party firms are making a MESS out of appraisals from delays to POOR appraisals. This system is not working
3,071,489
5,115,878
On the whole, most of my appraisals are coming in under two weeks all year now.
4,434,177
2,785,306
This only supports my premise of how people & systems complicate it all.
7,869,943
I always prefer trusted local mortgage loan officers who have a track record.