Podknife - Mortgage Minute - Let's Talk About Appraisals for a Minute by Financial Residency

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Mortgage Minute - Let's Talk About Appraisals for a Minute

Podcast |: Financial Residency
Publisher |: Financial Residency Network
Media Type |: audio
Podknife tags |: Business,; Careers,; Interview,; Management & Marketing,; Personal Finance,; Science & Medicine
Categories Via RSS |: Business,; Careers,; Investing
Publication Date |: Apr 16, 2024
Episode Duration |: 00:04:09

Appraisals are completed by an independent third-party provider so neither your realtor nor loan officer have any input over the value.

They typically take 5-7 days once ordered by the bank, but Doug recommends putting in a 10 day appraisal contingency when writing your contract to purchase your home. You can only use comparable houses (comps) for those that closed before your home was inspected.

You can reach Doug at Doug.Crouse@BMO.com">Doug.Crouse@BMO.com or go to www.DougCrouse.com.

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