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Andrew Mooers | 207.532.6573, Northern Maine Real Estate-Aroostook County Broker (MOOERS REALTY)

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3,345,091
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

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. 

Jul 07, 2017 03:09 PM
Rainmaker
4,319,419
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Andrew Mooers - that says a lot about small local banks!

It is the same story at most of the places, I guess.

Jul 07, 2017 10:51 PM
Rainmaker
400,356
Jill Murty, Realtor - Orange County, CA
Movoto - Laguna Niguel, CA

I've never heard of a four month wait time for an appraisal.  That's just outrageous. 

Jul 07, 2017 07:19 PM
Rainer
91,335
Theo Shaw
Baird & Warner Residential Real Estate - Evanston, IL
Serving Evanston, IL & Beyond

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.

Jul 07, 2017 07:16 PM
Ambassador
6,393,494
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

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.

 

Jul 07, 2017 05:02 PM
Rainmaker
5,772,575
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Andrew,

I think it depends on the bank management and their way of doing business. A

Jul 07, 2017 04:51 PM
Ambassador
2,684,109
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

 Use a bank with in-house underwriters.

Jul 07, 2017 04:11 PM
Rainmaker
5,005,659
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

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.

Jul 08, 2017 06:36 PM
Rainmaker
989,652
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

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!

Jul 08, 2017 06:23 AM
Rainmaker
1,622,432
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

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. 

Jul 07, 2017 11:14 PM
Rainmaker
3,988,007
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

It is taking 2-3 weeks on appraisal turnarounds. They are regularly holding up the closings in Clarksville TN.

Jul 07, 2017 07:02 PM
Rainmaker
1,543,823
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

NO BANKS

I use a broker: Jason E. Gordon 

Jul 07, 2017 06:35 PM
Rainmaker
3,986,258
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I have not had much of any issues so far.

Jul 07, 2017 04:17 PM
Rainmaker
711,852
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

We typically get better service with a local lender. 

Jul 07, 2017 03:36 PM
Rainmaker
2,220,654
Anthony Acosta - ALLATLANTAcondos.com
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Jul 07, 2017 03:12 PM
Rainmaker
1,239,901
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

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.

Jul 07, 2017 02:11 PM
Rainmaker
5,868,554
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

We are seeing a much better turn around time now with all appriasals, mostly within two weeks.

Jul 10, 2017 07:13 AM
Rainmaker
4,936,705
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

In our area some appraisals are taking forever unless you pay more for them for a rush job!

Jul 09, 2017 09:06 AM
Rainmaker
809,258
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

We haven't seemed to have much trouble with appraisal turn around times here. They are generally a couple of weeks or less. -Kasey

Jul 08, 2017 10:29 AM
Rainmaker
1,502,998
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Direct lenders are always preferable to big banks out here.

Jul 08, 2017 10:00 AM
Rainmaker
1,617,916
Harry F. D'Elia III
WEDO Real Estate and Beyond, LLC - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

here we go again

Jul 08, 2017 07:17 AM
Rainmaker
5,216,409
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Appraisal time has not been an issue is areas I have serviced, but have heard some horror stories about out of area appraisers!

Jul 08, 2017 07:10 AM
Rainmaker
599,274
Nathan Gesner
American West Realty and Management - Cody, WY
Broker / Property Manager

How in the world do you manage to capitalize every single word?

Jul 08, 2017 07:09 AM
Rainmaker
5,583,278
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

we don't have a very long wait for the results of the appraisal.... maybe a week....

Jul 08, 2017 06:37 AM
Rainmaker
1,725,996
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

We shy away from the local banks, becasue, frankly, there are none to be found in Sarasota, or San Diego.

Jul 08, 2017 06:13 AM
Rainmaker
4,800,082
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Hasn't been an issue around my area.

Jul 08, 2017 05:15 AM
Rainmaker
3,416,038
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Third party firms are making a MESS out of appraisals from delays to POOR appraisals. This system is not working

Jul 08, 2017 05:05 AM
Rainmaker
3,071,489
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Jill Murty, Realtor - Orange County, CA  nailed this one!

Jul 08, 2017 04:38 AM
Rainmaker
5,104,931
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

On the whole, most of my appraisals are coming in under two weeks all year now.

Jul 08, 2017 04:15 AM
Rainmaker
4,434,127
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

We have some good local banks 

Jul 07, 2017 06:05 PM
Rainmaker
2,781,173
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

This only supports my premise of how people & systems complicate it all. 

Jul 07, 2017 05:35 PM
Rainmaker
7,836,139
Roy Kelley
Retired - Gaithersburg, MD

I always prefer trusted local mortgage loan officers who have a track record.

Jul 07, 2017 02:21 PM