{"id":232036,"date":"2024-06-17T01:39:14","date_gmt":"2024-06-17T01:39:14","guid":{"rendered":"https:\/\/namso-gen.co\/blog\/?p=232036"},"modified":"2024-06-17T01:39:14","modified_gmt":"2024-06-17T01:39:14","slug":"how-long-to-hear-back-on-appraisal","status":"publish","type":"post","link":"https:\/\/namso-gen.co\/blog\/how-long-to-hear-back-on-appraisal\/","title":{"rendered":"How long to hear back on appraisal?"},"content":{"rendered":"<p>**The typical timeline for hearing back on an appraisal is around 5-10 business days. However, this can vary depending on the complexity of the appraisal and the responsiveness of the appraiser.**<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_62 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/namso-gen.co\/blog\/how-long-to-hear-back-on-appraisal\/#1_What_factors_can_affect_the_speed_of_hearing_back_on_an_appraisal\" title=\"1. What factors can affect the speed of hearing back on an appraisal?\">1. What factors can affect the speed of hearing back on an appraisal?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/namso-gen.co\/blog\/how-long-to-hear-back-on-appraisal\/#2_Can_I_request_expedited_appraisal_results\" title=\"2. Can I request expedited appraisal results?\">2. Can I request expedited appraisal results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/namso-gen.co\/blog\/how-long-to-hear-back-on-appraisal\/#3_Will_the_lender_notify_me_once_the_appraisal_is_complete\" title=\"3. Will the lender notify me once the appraisal is complete?\">3. Will the lender notify me once the appraisal is complete?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/namso-gen.co\/blog\/how-long-to-hear-back-on-appraisal\/#4_What_happens_if_there_are_delays_in_receiving_the_appraisal_results\" title=\"4. What happens if there are delays in receiving the appraisal results?\">4. What happens if there are delays in receiving the appraisal results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/namso-gen.co\/blog\/how-long-to-hear-back-on-appraisal\/#5_Can_I_request_a_copy_of_the_appraisal_report\" title=\"5. Can I request a copy of the appraisal report?\">5. Can I request a copy of the appraisal report?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/namso-gen.co\/blog\/how-long-to-hear-back-on-appraisal\/#6_Who_is_responsible_for_ordering_the_appraisal\" title=\"6. Who is responsible for ordering the appraisal?\">6. Who is responsible for ordering the appraisal?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/namso-gen.co\/blog\/how-long-to-hear-back-on-appraisal\/#7_What_criteria_do_appraisers_use_to_determine_property_value\" title=\"7. What criteria do appraisers use to determine property value?\">7. What criteria do appraisers use to determine property value?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/namso-gen.co\/blog\/how-long-to-hear-back-on-appraisal\/#8_Can_I_dispute_the_results_of_an_appraisal\" title=\"8. Can I dispute the results of an appraisal?\">8. Can I dispute the results of an appraisal?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/namso-gen.co\/blog\/how-long-to-hear-back-on-appraisal\/#9_How_long_is_an_appraisal_report_valid_for\" title=\"9. How long is an appraisal report valid for?\">9. How long is an appraisal report valid for?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/namso-gen.co\/blog\/how-long-to-hear-back-on-appraisal\/#10_Can_I_schedule_the_appraisal_myself\" title=\"10. Can I schedule the appraisal myself?\">10. Can I schedule the appraisal myself?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/namso-gen.co\/blog\/how-long-to-hear-back-on-appraisal\/#11_How_much_does_an_appraisal_typically_cost\" title=\"11. How much does an appraisal typically cost?\">11. How much does an appraisal typically cost?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/namso-gen.co\/blog\/how-long-to-hear-back-on-appraisal\/#12_What_should_I_do_if_the_appraisal_comes_in_lower_than_expected\" title=\"12. What should I do if the appraisal comes in lower than expected?\">12. What should I do if the appraisal comes in lower than expected?<\/a><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"1_What_factors_can_affect_the_speed_of_hearing_back_on_an_appraisal\"><\/span>1. What factors can affect the speed of hearing back on an appraisal?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nFactors such as the availability of the appraiser, the complexity of the property being appraised, and the current workload of the appraisal company can all impact how long it takes to receive appraisal results.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_Can_I_request_expedited_appraisal_results\"><\/span>2. Can I request expedited appraisal results?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nSome appraisal companies may offer expedited services for an additional fee. Be sure to inquire about this option when scheduling your appraisal.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_Will_the_lender_notify_me_once_the_appraisal_is_complete\"><\/span>3. Will the lender notify me once the appraisal is complete?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nTypically, the lender will notify you once they have received the appraisal results. If you have any concerns about the timeline, it&#8217;s a good idea to stay in communication with your lender.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"4_What_happens_if_there_are_delays_in_receiving_the_appraisal_results\"><\/span>4. What happens if there are delays in receiving the appraisal results?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nDelays in receiving appraisal results can impact the closing timeline of your loan. It&#8217;s important to communicate with your lender if you anticipate any delays.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"5_Can_I_request_a_copy_of_the_appraisal_report\"><\/span>5. Can I request a copy of the appraisal report?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nYes, you are entitled to a copy of the appraisal report under the Equal Credit Opportunity Act. Be sure to request a copy from your lender once the appraisal is complete.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"6_Who_is_responsible_for_ordering_the_appraisal\"><\/span>6. Who is responsible for ordering the appraisal?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nTypically, the lender is responsible for ordering the appraisal. However, in some cases, the buyer may be required to pay for the appraisal upfront.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"7_What_criteria_do_appraisers_use_to_determine_property_value\"><\/span>7. What criteria do appraisers use to determine property value?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nAppraisers consider factors such as the property&#8217;s location, size, condition, and recent sales of comparable properties in the area when determining property value.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"8_Can_I_dispute_the_results_of_an_appraisal\"><\/span>8. Can I dispute the results of an appraisal?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nIf you feel the appraisal results are inaccurate, you can request a reassessment or provide additional information to the appraiser. However, there is no guarantee that the results will change.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"9_How_long_is_an_appraisal_report_valid_for\"><\/span>9. How long is an appraisal report valid for?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nAn appraisal report is typically valid for 120 days. If the closing timeline of your loan extends beyond this timeframe, you may need to request a new appraisal.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"10_Can_I_schedule_the_appraisal_myself\"><\/span>10. Can I schedule the appraisal myself?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nWhile buyers do not typically schedule the appraisal themselves, they can coordinate with their lender to ensure the appraisal is scheduled at a convenient time.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"11_How_much_does_an_appraisal_typically_cost\"><\/span>11. How much does an appraisal typically cost?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nThe cost of an appraisal can vary depending on the location and complexity of the property being appraised. On average, appraisals can cost between $300 and $500.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"12_What_should_I_do_if_the_appraisal_comes_in_lower_than_expected\"><\/span>12. What should I do if the appraisal comes in lower than expected?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nIf the appraisal comes in lower than expected, you may need to renegotiate the purchase price with the seller. Your real estate agent can help guide you through this process. <\/p>\n<p>In conclusion, while the typical timeline for hearing back on an appraisal is 5-10 business days, there are factors that can impact this timeframe. Communication with your lender and staying informed throughout the process can help ensure a smooth appraisal experience.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>**The typical timeline for hearing back on an appraisal is around 5-10 business days. However, this can vary depending on the complexity of the appraisal and the responsiveness of the appraiser.** 1. What factors can affect the speed of hearing back on an appraisal? Factors such as the availability of the appraiser, the complexity of &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"How long to hear back on appraisal?\" class=\"read-more button\" href=\"https:\/\/namso-gen.co\/blog\/how-long-to-hear-back-on-appraisal\/#more-232036\">Read more<span class=\"screen-reader-text\">How long to hear back on appraisal?<\/span><\/a><\/p>\n","protected":false},"author":58,"featured_media":107420,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86279],"tags":[],"class_list":["post-232036","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-learn","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How long to hear back on appraisal?<\/title>\n<meta name=\"description\" content=\"**The typical timeline for hearing back on an appraisal is around 5-10 business days. 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