Factors That Impact How Long Your Home Appraisal Will Take 

Most homeowners will go through a home appraisal process at some point in their life. This is because home appraisals are often required as part of real estate transactions, to secure new loans, or to challenge property taxes. Sometimes, homeowners also seek home appraisals for reasons that aren’t required by third parties, such as to learn more about how their home compares to others in the neighborhood, or to inform a sale price. With that in mind, once you order a home appraisal, you may be wondering how long it will actually take to complete. Here’s what you should know about factors that impact how long your home appraisal will take—

Things That May Impact the Turnaround Time for Your Home Appraisal

In most cases, a home appraisal shouldn’t take much more than a week—and certainly no longer than a few weeks—to complete. What’s more, the type of property you have and its specifications probably won’t have that much of an influence on the length of the appraisal. Instead, factors that may impact the turnaround time for your home appraisal include:

• More requests from the loan underwriter.  One of the biggest things to delay the appraisal process is simply more requests from the loan underwriter. If the loan underwriter wants more information that’s tied directly to the home appraisal, the home appraiser may need to re-work their report or even return to the property for more information. 
• Error during the appraisal review process. A good appraisal company will have a review process in place, during which time another appraiser will review the work of the original appraisal to check for any defects. If an error is caught, it could delay the process. 
• Lack of experience in the local market. If an appraisal management company is selected at random to conduct an appraisal, they very well could send someone out to appraise a home who has no experience in the area. This can delay the process. 
• Appraisal company staffing issues. Appraisers can only do so many home appraisals in a day, especially high-quality appraisals. If there are staffing issues, you may be on a waitlist for a while. 
• Major market changes. If a major market change occurs during the course of your appraisal, the appraiser may need to re-conduct the appraisal based on current market information. 

Call Allstate Appraisal Today

At Allstate Appraisal, we know that waiting for your appraisal to be completed is frustrating. We prioritize high-quality and accurate appraisals while also keeping your time front of mind. To learn more about our appraisers, call us directly today.