An Residential Appraisal will vary in cost from about $325 to $800 depending upon who completes it and the reason.
An appraisal for Probate Court is usually inexpensive and the Attorney of the Estate will order it.
A prelisting Appraisal can be done cheaply as it will only be used to set a value of a property.
An Appraisal used to determine a value for a loan company or investor will be about $500. That sets the value of the property to determine the amount an investor will loan for a mortgage.
An Appraisal for income producing property will be expensive as the Appraiser has to consider income and expenses over the life of the property.
In any case, typically, the company wanting the value orders the appraisal and the received appraisal is valid only for the company or person that ordered it. An appraisal is typically not transferred from one reason to another. It can be done if all parties agree to use a particular appraisal. There is usually a fee for the transfer.
There are variables in the process to allow the Appraiser to inflate the cost depending upon the work to complete the task, millage to drive to the property, and if the property or reason is unusual in any way.
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The Brodkin Group
Steven Goldman, CRS
Certified Distressed Property Expert (CDPE)
Certified Default Advocate (CDAT)
Certified Short Sale Professional (CSP)
Certified Probate Real Estate Specialist (CPRES)
GRI, ABR, SRES, CNHS, PM, CCI
Realty One Group
Las Vegas, NV