Home Selling in Riverside>Question Details

Tina, Home Buyer in Port Orange, FL

our closing is supposed to be in 10 days. the house appraisal has not been approved yet. how long does this?

Asked by Tina, Port Orange, FL Tue Nov 18, 2008

usually take?

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T.E. & Naima Sumner’s answer
How long an appraisal takes depends on the type of appraisal and the individual schedule of the appraiser. VA appraisals seem to take the longest to schedule. FHA appraisals sometimes take a few days, but can be done the next day by some appraisers.
Normally, appraisals are sent into underwriting for the final approval of the loan. So, when the appraisal is issued, it may take a couple of days to get the documents out of underwriting and to the title company.
Bruce is right. You should have enough time to get everything done, but checking on the lender would be in your interest. Have your listing agent ask the buyer's agent or lender when the appraiser is scheduled to go out and when they expect documents to be at the title company.
Web Reference: http://www.SumnerRealty.com
1 vote Thank Flag Link Wed Nov 19, 2008
Get on your lender quickly. There should still be plenty of time, but doesn't hurt to call.

1. Make sure they got the appraisal.
2. Make sure it got approved.
3. Make sure you got final loan approval and when will docs be sent to the title company?

You're almost there.
Web Reference: http://www.teamlynn.com
0 votes Thank Flag Link Wed Nov 19, 2008
Bruce Lynn, Real Estate Pro in Coppell, TX
Call your lender...ask them.
0 votes Thank Flag Link Tue Nov 18, 2008
how long does approval on a house appraisal usually take?
0 votes Thank Flag Link Tue Nov 18, 2008
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