Appraisal fee Houston area

[Regan Coakley]

I received a quote of $850 for the appraisal of a $200,000 rental property in Baytown Texas (Houston area). The average appraisal cost for the area seems way lower by Google search. I’m told this includes some sort of rental evaluation. Is this a fair price? Thank you.

[Karl McGarvey]

Originally posted by @Jason Hirko:

@Regan Coakley We've been getting quotes as high as $3k in Houston with a 2 month turn time. And these are from appraisers we work with all the time that used to charge us $450 and turn them in 3-4 days. Supply and demand. We've had to start closing loans without appraisals because of this

No appraisals, sounds fantastic