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My appraisal was ordered April 15th, I was charged for the appraisal the 21st.
To date my bank has not received the appraisal. Closing is set for the 17th.
Seems it will get postponed at this point. What type of if any accountability can I hold against the appraisal company? They are costing me thousands of dollars with this delay. Not to mention the sellers are unsure if they want to give us an extension or put it back on the market.
My appraisal was ordered April 15th, I was charged for the appraisal the 21st.
To date my bank has not received the appraisal. Closing is set for the 17th.
Seems it will get postponed at this point. What type of if any accountability can I hold against the appraisal company? They are costing me thousands of dollars with this delay. Not to mention the sellers are unsure if they want to give us an extension or put it back on the market.
Please don't automatically assume it is the appraisal firm. More often than not I receive appraisal assignments for sales that are scheduled to close a week later. This is frequently not enough time to do a proper job on the appraisal report. It is not the appraisal firm's fault that the appraisal is ordered at the last moment.
Please don't automatically assume it is the appraisal firm. More often than not I receive appraisal assignments for sales that are scheduled to close a week later. This is frequently not enough time to do a proper job on the appraisal report. It is not the appraisal firm's fault that the appraisal is ordered at the last moment.
Ordered 4/15 to close on 5/17 ... Thats a month long period? We are not talking about a week.
For comparison, on our last purchase we got our appraisal report a week after it was ordered, three weeks before closing, and as far as I know it wasn't pushed through abnormally quickly...
Ordered 4/15 to close on 5/17 ... Thats a month long period? We are not talking about a week.
Ordered by the lender; the order probably went to the appraisal management co.. Who knows when the AMC sent it to an appraiser. It could be the AMC is to blame for the delay, not the appraiser. This is quite common.
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