How Long Does a Home Appraisal Take?

Find out if you're getting ripped off on your car insurance in less than two minutes.
Find insurance savings (100% Free)
No long forms · No spam · No fees
Why you can trust Jerry
Jerry partners with some of the companies we write about. However, our content is written and reviewed by an independent team of editors and licensed insurance agents, and never influenced by our partnerships. Learn more baout how we make money, review our editorial standards, reference out data methodology, or view a list of our partners
The entire home appraisal process usually takes anywhere from seven to 10 days to complete.
When it comes to purchasing a home, refinancing a mortgage, or securing other types of funding that use your home as collateral, the process is almost guaranteed to require a home appraisal. Most real estate transactions hinge on an appraisal prior to closing, so it’s an important step.
You might need a quick close on your purchase or you might just be eager to have the deal wrapped up. How long will the appraisal take? Here’s what you need to know, presented by Jerry.
Let Jerry find your price in only 45 seconds
No spam · No long forms · No fees
Find insurance savings (100% Free)

What is a home appraisal for?

The purpose of a home appraisal is to establish a home’s true value so the lender can safely determine the risk of giving you the loan. A third-party appraiser is hired to determine the property’s worth in a fair, non-biased manner.

How long does an appraisal take?

An appraisal sounds like a straightforward process, but it isn’t as simple as it seems. Appraisals require three fundamental components to compile the report: a physical inspection, comparable properties, and an overall data review and evaluation.
Between all of these steps, the entire process will take seven to 10 days, but some steps are a lot quicker than others.

Arranging an appraiser’s visit

First, the appraisal needs to be requested.
The lender is the one to initiate a home appraisal, which usually happens the same day as your conditional approval comes through, or the following day. How soon the appraisal happens depends on their availability, but it’s usually no more than two or three days.

The inspection

The main part of a home appraisal is the inspection process. An appraiser will arrange to examine your home in detail. Their criteria will include overall condition, the age of your appliances and utilities, quality of finishing, as well as physical dimensions.
The time it takes to complete a home appraisal inspection varies depending on the property size. It could be as little as 15 minutes or range up to two hours. The inspection itself is often the quickest step of the home appraisal process.

Receiving the report

The bulk of the work is not done, however. After the physical examination has been done, the appraiser must find recently sold properties to use as comparisons. They have to be sold within the past 12 months or less and as close to your home’s condition and qualities as possible. Typically, home appraisals will include three to five comparables.
Then, the appraiser adjusts your home’s value based on the comparables and any relevant market data. Most appraisals determine a value per square foot for the most accurate comparisons.
For example, if your potential home has the same square footage as another recently sold property but the one you’re buying has more expensive finishing qualities, the appraiser will bump down the comparable’s price per square foot.
Most full residential home appraisals will be completed and submitted to the lender in less than a week from the inspection date.
Overall, start to finish, you can expect a home appraisal to take seven to 10 days altogether.
Let Jerry find your price in only 45 seconds
No spam · No long forms · No fees
Find insurance savings (100% Free)

Frequently asked questions

How long does it take to get an appraisal back?

Once your appraiser inspects your home, it usually takes them less than a week to get the results back to you and your lender.

How long does it take to get an appraisal scheduled?

The lender is usually the one to initiate an appraiser. The amount of time it takes to get an appraiser scheduled depends on the appraiser's availability, but you can expect it to take no more than two to three days.
RECOMMENDED
Haven’t shopped for insurance in the last six months? There might be hundreds $$$ in savings waiting for you.
Judith switched to Progressive
icon savingsSaved $725 annually
Alexander switched to Travelers
icon savingsSaved $834 annually
Annie switched to Nationwide
icon savingsSaved $668 annually

Easiest way to compare and buy car insurance

√
No long forms
√
No spam or unwanted phone calls
√
Quotes from top insurance companies
Find insurance savings — it's 100% free