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Homeside: Your Modern Mortgage Blog

How long does a home appraisal take?

Posted by Rachel Guthrie on November 21, 2015

You need to have a home appraised – but how long does that actually take and what all goes into a home appraisal?

The time from start to finish of a home appraisal typically varies based on the complexity of the property. Your lender should be working with the appraisal company, and since it is in their best interest to get your loan closed as fast as possible, they will hopefully be on top of getting your appraisal scheduled and getting the report back as fast as possible to discuss with you.

There are three major parts to a home appraisal:

Property Visit and Examination

First, the appraiser needs to physically go out and visit the property for a full examination. The examination itself can take anywhere from 20 minutes to 3 hours depending on the size and details of the property. Here the appraiser will evaluate if your property is in good, fair, poor, or average condition. Poor properties may also take longer to evaluate.


Next, the appraiser is responsible for determining some property comparables. There are many types of systems for determining a fair comparable, but many appraisers look at homes that have sold more recently to take greater weight. With new search software and cutting edge technology, this process is much faster now than in years before. They can now quickly and more easily search full databases instead of doing individual research on real estate records. They will use these comparables to determine how your property stacks up in comparison.

The Appraisal Report

Finally, the last major step in the process is for the appraiser to put together and hand off the appraisal report. The size of the appraisal report depends on whether they are appraising a large commercial property or a smaller residential property. The residential property reports are usually 10 forms or less and can take up to eight hours or less for the appraiser to compile. This should be delivered to the lender within a week in most cases.

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