Why it takes 2 weeks to schedule appraisal vs. 24 hours for home inspection?

[kokonutty]

Originally Posted by Diana Holbrook

Koko they may hire appraisers to perform duties within a bank. But appraisal as part of the loan process is an independent appraisal... not a fellow employee of the bank. And it definitely should be that way.

At least in my area :-)

That's very different.

[Diana Holbrook]

Really? Can anyone else report that appraisals are being done directly by lenders?

[BoBromhal]

in 20 years, and especially for about 9 years (aka post-recession), I've never seen a purchase mortgage lender use any "in-house" appraiser.

Even for a refinance, they may get to choose from their favorite 3rd party appraisers, but it's not a bank employee.

I'm sure that banks have on-staff appraisers who help them work through delinquencies, short sales, foreclosures, etc.

But that was never the point of the thread or inquiry

[insulator_king]

Well, we had our offer accepted, and when I found the home inspector I wanted, it is 10 days out before they can come do it.

[dontaskwhy]

Originally Posted by insulator_king

Well, we had our offer accepted, and when I found the home inspector I wanted, it is 10 days out before they can come do it.

Just search for an inspector who can come out sooner if it causes difficulty for you. Shouldn't be too hard to find.

[BoBromhal]

Originally Posted by insulator_king

Well, we had our offer accepted, and when I found the home inspector I wanted, it is 10 days out before they can come do it.

how does that compare to the timeframe of your inspection contingency?