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Old 04-29-2009, 03:45 PM
 
336 posts, read 862,412 times
Reputation: 217

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How long does this take. I only have 30 days on the offer and I am down to 2 weeks and no call from the appraiser to the seller to schedule an appraisal. am I screwed???
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Old 04-29-2009, 06:54 PM
 
336 posts, read 862,412 times
Reputation: 217
anyone have an answer
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Old 04-30-2009, 12:53 AM
 
305 posts, read 1,029,021 times
Reputation: 133
I just had an appraisal done yesterday for VA loan. It took a total time of 10 days between the time the phone call went out from lender to appraiser. And that was only because the appraiser went out to our new home twice. The first time it was because the house was not finished (new construction). He went back when the builder called him and said it was over 90% done (they were working on the landscaping when the appraiser went back for a second time).

I don't know what a typical wait time is as this is our first home and first time using VA.

Don't sit back and wait for someone else to make the decision that it's taking too long. Get on the phone to the lender and push. I was told, however, that the appraisers are backed up due to all the refi's ... and definitely not because of all the new homes being built because there aren't that many selling right now.
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Old 04-30-2009, 01:53 AM
Status: "The man likes to play chess; let's get him some rocks. Red" (set 14 days ago)
 
Location: Dallas/Fort Worth, Texas
3,973 posts, read 9,445,845 times
Reputation: 2234
14 days is a lonnng time. The processor should call VA and put a rush on it.

Average time has been 7 to 11 days from time of ordering it to time received back in hands.
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Old 04-30-2009, 03:08 AM
 
Location: Texas
5,145 posts, read 4,002,350 times
Reputation: 2471
They usually take some time, but 14 days is a bit long.
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Old 05-22-2009, 06:52 AM
 
Location: Maine!
468 posts, read 1,102,769 times
Reputation: 314
our VA appraisal was ordered 2 weeks ago...per my realtor & lendor, today is the deadline to get it done. what are the repercussions if it doesn't get done in time?
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Old 05-22-2009, 11:17 AM
Status: "The man likes to play chess; let's get him some rocks. Red" (set 14 days ago)
 
Location: Dallas/Fort Worth, Texas
3,973 posts, read 9,445,845 times
Reputation: 2234
Quote:
Originally Posted by thechappells View Post
our VA appraisal was ordered 2 weeks ago...per my realtor & lendor, today is the deadline to get it done. what are the repercussions if it doesn't get done in time?
That would vary by State. Your Realtor lender are the best are giving you that advice. It could be that you lose your earnest money and the seller can accept another contract. Is it not specified in the contract of sale?

Naima
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Old 05-22-2009, 11:38 AM
 
Location: Maine!
468 posts, read 1,102,769 times
Reputation: 314
just heard back from lender. it's being completed as i type this. whew!
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Old 10-25-2012, 04:24 PM
 
1 posts, read 3,539 times
Reputation: 10
It took our appraiser 29 days to do the inspection after te order was placed. He did the inspection on 10-15-12, we were supposed to close on 10-23-12 but have never heard anything back from him and he has not turned in his report. We now have no idea when we are closing and we have to be out of our current place by 10-31-12.
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Old 10-27-2012, 04:03 PM
 
Location: Coeur d'Alene Idaho
794 posts, read 1,472,989 times
Reputation: 477
Our VA Appraisal took about 5 days from start to finish.
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