How Long Does A Home Appraisal Take (And Why)?

Exact Answer: 7 Days To 10 Days

The time for how long a typical home appraisal would take on average can be about anywhere from a week to as long as 10 days. There is not a fixed time for how long a typical home appraisal would take on average because every case is different.

Moreover, apart from that, several different factors affect the time for how long a typical home appraisal would take by either increasing the time or decreasing it.

How Long Does A Home Appraisal Take

How Long Does A Home Appraisal Take?

Steps included in the process of getting a home appraisalTime
Schedule an introspection for the property1 day to 2 days
Home appraisal walkthrough1 day to 2 days
Reviewing all the comparable properties3 days to 4 days
Receive the appraisal report4 days to 5 days

Breaking down the process for getting a home appraisal done is an efficient method to understand why it takes that much time for a typical home appraisal to be done. In most general cases, 4 important steps are included in the process to get a home appraisal done. All the steps are crucial and take a particular duration of time to get done.

The 4 major steps included in the process of getting a home appraisal done as per all the general cases, are, firstly, to schedule an introspection for your property, the second step is the home appraisal walkthrough, the third step is the review of all the comparable properties, and the last step is to receive the appraisal report for your property.

The first step is to request a house introspection for the appraisal. Overall, scheduling and getting your request for the home inspection to be accepted can take about a minimum of 1 day to a maximum of 2 days on average.

The second step is for officials to review the house or the property. The overall time for officials to visit your home and review the property can take about a minimum of 1 day to a maximum of 2 days on average.

The third step is to get the comparable home reviewed or get the comparable properties reviewed. This step can take about a minimum of 3 days to 4 days on average.

The last step is for you to receive the appraisal report for your home or the property. This step takes the longest duration of time among all the steps to get done, that is about a minimum of 4 days to a maximum of 5 days on average.

Why Does A Home Appraisal Take That Long?

Multiple factors make every case of getting a home appraisal done to be different. As a result, the time for how long a typical home appraisal would take on average also varies.

Some of the major factors which determine the time for how long a typical home appraisal would take on average could be:

  • The home appraisal is done through the traditional check-in method or online method
  • The condition of the property which needs a home appraisal
  • Location of the property, structural integrity of the building
  • Layout of the building
  • If the property has any legal disputes or not
  • Paperwork delay of any

The first step is to schedule an introspection for your property. Though the scheduling of the introspection might not take a very long duration of time to get done, just around 15 minutes to 20 minutes on average. But getting your request for introspection to be accepted can take a longer duration of time.

The second step is the home appraisal walkthrough also known as the property appraisal walkthrough.

Though the complete introspection of your home or your property would only take about 30 minutes to just 1 hour on average, the officials to visit your house since the time you posted your request to get your house introspective for a home appraisal can take a longer.

Conclusion

It is important to consider all the time determining factors to calculate the time for how long a typical home appraisal would take on average. But, taking practical conditions under consideration and all the general factors, and cases, a home appraisal would take just about 7 days to 10 days on average.

References

  1. https://ideas.repec.org/a/fip/fedpbr/y2010iq1p11-22.html
  2. https://journals.sagepub.com/doi/abs/10.1177/0269216313487940
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