Appraisals and closing

[Carlton B.]

I don’t want this to sound negative but why does It seem like the biggest issue with closing hinges on appraisals. The appraisal is one of if not the most important part of selling a property, this truly determines the home’s value.

So why is it the last thing in the process to get done, and takes the longest?

[Andrew Freed]

@Carlton B. - I'd agree with some of the sentiment, the item that kills most deals is the inspection. After that, appraisal is a close second. Appraisals do have a 2 week lead time so you can always order it before the inspection period is complete, but it might just be a waste of money if you aren't moving forward. Unfortunately in real estate, there are certain checkpoints that need to be overcame before you can move forward  onto the next checkpoint. If you try to hurdle over the checkpoints without determining if you want to move forward or not, you could waste precious and unneeded resources during the due diligence process.