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Updated almost 4 years ago on . Most recent reply

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Chris Shue
  • Investor
  • San Francisco
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Refi Appraisal turnaround time

Chris Shue
  • Investor
  • San Francisco
Posted

How does do it typically take to get your appraisal back and how did you respond to it if it was unfavorable(more than 10% off a private appraiser)?

Context, I got a private appraisal(favorable) and it was back within 3 days. The bank appraisal was completed and submitted same day(appraiser let me know) but still waiting around a week later. It's probably normal but I'm waiting and hoping it'll be relatively close. 

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Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Lender
  • Fort Worth, TX
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Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Lender
  • Fort Worth, TX
Replied

@Chris Shue agreed, 3-5 days.  Stay on them but keep in mind that you have a cook in the kitchen still.  Don't make them angry or they might spit in your food.  Just give them some friendly checkin's because you need that appraisal to be good.

  • Andrew Postell
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