Buying A Home
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Appraisal

Hello Everyone,

 How long after you signed contract did you have appraisal done?

Our closing date is 31st and the appraisal will only be next week, so i am a little scared that it is taking too long.

 Rita 

Re: Appraisal

  • Our Process:

    4th and Final Offer: Sept 13th

    Final Offer Accepted: Sept 14th

    Our Inspection: Sept 20th 

    Close Date Set for Oct 14th

    Had to Switch Lenders/Case Successfully Transferred: Sept 27  

    New Close Date Set for Oct 21st 

    Appraisal: Oct 3rd

    Received Appraisal Report: Oct 4th

    Forwarded All Inspection Fixes and Mandatory Appraisal Fixes to Seller: Oct 4th

    Still waiting to hear back from the seller. 

     The longest and most stressful part so far was waiting for the loan to get approved by the underwriter, which is why we had to switch lenders. After the approval you should be good to go. Hope this helps. 

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  • Our appraisal was ordered by our LO as soon as he got the contract. It took longer for us to get the report than it did for it to be scheduled. We had the report within 2 weeks of contract acceptance by the sellers.
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  • ok bc i thought we were behind.

    We signed Sept 26th

    Inspection Sept 30th

    All contracts for mortgage signed.

     Waiting for appraisal next week

    Closing 31st.

    So i am hoping appraisal will be good and we close on time :)

     

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