If you’re in need of a rushed appraisal service in Houston, you’re not alone. Many people find themselves in a rush to get their homes appraised for one reason or another.
Maybe you need to complete your loan application, or maybe you’re selling your home and the closing date is rapidly approaching.
Whatever the reason, it’s important to know that there are rush appraisal services available to help you meet your deadlines.
This blog post will discuss why some people might need a rush appraisal and how much extra it typically costs to get one done quickly. We’ll also list some of the circumstances where a rushed appraisal might be necessary.
Finally, we’ll answer the question “can a lender rush an appraisal?”
If you’re in need of a rush appraisal service in Houston, don’t hesitate to contact us today! We can help you get the appraised value you need in a timely manner.
Why Do Some People Need an Appraisal Rushed?
There are a number of reasons why someone might need to get their home appraised on a rush basis.
For example, if you’re applying for a loan, the lender may require an appraisal before they can approve your application.
Or, if you’re selling your home, the buyer’s lender will likely require an appraisal to ensure that the home is worth the purchase price.
In both of these cases, the lender may need the appraisal within a certain time frame in order to make their decision.
As a result, you may find yourself in need of a rush appraisal service.
How Much Extra Does it Cost to Get a Rushed Appraisal?
The cost of a rush real estate appraisal will vary depending on the appraiser and the situation.
However, you can expect to pay a premium for a rush appraisal service.
For example, if you need an appraisal within a week, you may have to pay double the normal rate. If you need it within 48 hours, you may have to pay triple the normal rate. Of course, these rates will vary depending on the appraiser and the situation.
Other circumstances where you might need a rush appraisal include:
- If you’re refinancing your mortgage and you need to get an appraisal to compare to your current mortgage
- If you’re selling your home and the closing date is approaching quickly
- If you need to get an appraisal for insurance purposes
But, in general, you can expect to pay more for a rush appraisal service.
Can a Lender Rush an Appraisal?
In some cases, a lender may be able to rush an appraisal for you. However, this will likely come at a premium.
For example, if you’re applying for a loan, the lender may require an appraisal before they can approve your application.
Or, if you’re selling your home, the buyer’s lender will likely require an appraisal to ensure that the house is worth the purchase price.
In both of these cases, the lender may need the appraisal within a certain time frame in order to make their decision.
As a result, you may find yourself in need of a rush appraisal service.
How Fast is a Rushed Appraisal in 2022?
The speed of a rush appraisal will vary depending on the appraiser and the situation.
However, you can expect to pay a premium for a rush appraisal service. Appraisals can take longer than that estimated timeline under certain circumstances.
For instance, if the house is a high-end or specialty property, you may need to wait longer for an appraiser who’s qualified to evaluate it.
How Do I Get My Appraisal Done Faster?
If you find yourself in need of a rush appraisal, the best thing to do is to reach out to local appraiser directly. Many appraisers will have rush services available for an additional appraisal fee. You will need to contact the company to find out how fast it can be done and at what expense.
Why Does an Appraisal Take So Long?
An appraisal can take a long time for a number of reasons. First, the appraiser will need to schedule an appointment to come and inspect your property. This can sometimes take a few days or even weeks depending on their availability.
Once the appraiser has inspected your property, they will need to write up their report. This process can also take a few days or even weeks.
Finally, the appraiser will need to submit their report to the lender. The lender will then review the report and make their decision.
All of this can take a significant amount of time, which is why you may find yourself in need of a rush appraisal service.
How Much Does an Appraisal Cost in Texas?
The cost of an expert appraisal in Texas will also vary depending on the type of property being appraised. The average single-family appraisal costs $350 with most people spending between $350 and $450.
For example, a residential property will cost less to appraise than a commercial property.
The size of the property will also play a role in the cost of the appraisal. A larger property will take longer to appraise and, as a result, will cost more.
Finally, the location of the property will also affect the cost of an appraisal. Properties in more rural areas will typically cost less to appraise than properties in more urban areas.
All of these factors will play a role in the cost of an appraisal in Texas.
Rushed Appraisal Services: The Bottom Line
If you need a rush appraisal service, you can expect to pay a premium. However, there are situations where you may need a rush appraisal.
If you do find yourself in need of a rush appraisal service, the best thing to do is to contact an appraiser directly. Many appraisers will have rush services available for a fee. The bottom line is how fast you need it and how much more are you willing to pay for the service.