Ordered by the lender after inspection, the appraisal confirms the property is worth what you have agreed to pay. Typical cost: $500–$800 for conventional single-family; higher for jumbo, complex properties, or rural comparables. Paid upfront, often collected via lender at time of order.
Key Points
Cost Range
$500–$800 conventional; $800–$1,500 jumbo or complex.
Timeline
Ordered within 7 days of ratification; report typically within 5–10 days of order.
The Buyer's Checklist
- Cost Range
$500–$800 conventional; $800–$1,500 jumbo or complex.
- Timeline
Ordered within 7 days of ratification; report typically within 5–10 days of order.