The examination itself can take anywhere from 20 minutes to 3 hours depending on the size and details of the property.
Here the appraiser will evaluate if your property is in good, fair, poor, or average condition.
Poor properties may also take longer to evaluate.
How long does a home appraisal take to complete?
Appraisers often can complete short form reports in six hours or less. Depending on the appraiser’s workload, a residential appraisal should be completed and delivered to lenders in less than a week.
Why does a home appraisal take so long?
Here are some reasons why the appraisal might be taking so long. Liability: Appraisers have to support the value in the appraisal report and be liable for that value, so appraisers should take their time to finish a job right (within a reasonable time frame of course).
What hurts a home appraisal?
Comparable homes or comps are one of the most important factors affecting appraisal value. An appraiser will take a close look at recently sold, nearby homes with similar bedrooms, bathrooms, updates and square footage to your home. The value of these homes can provide baselines for appraisal value.
How long does it take to close on a house after the appraisal?