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Can an appraisal company charge you twice for the appraisal if they need to come out twice? Or is it just one fee?

by butorac.i305 from Long Lake, Wisconsin. Feb 23rd 2016 Reply


Justin Murray (JustinMurray)
#103 ranked lender in Illinois - 172 contributions

They can charge you a trip fee if they need to come out and re-inspect something that needed to be fixed or addressed. If they are appraising the home again for a separate transaction (which would be odd) they can charge you again. Typically the fee would be less if they are just updating an appraisal that has expired and the lender is allowing you to use it still. Thank you, Justin Murray / JMurray@WintrustMortgage.com

Feb 23rd 2016
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Joe Becker (JoeBecker)
#59 ranked lender in Minnesota - 58 contributions

Yes, they can charge extra fees if they deem necessary. My question would be, "what for" however. I would not accept the fee unless it is reasonable. Call me if I can answer any other questions. Thanks. 715-656-4500 NMLS 107620

Feb 23rd 2016
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Derick Condron (rightstartoregon)
#32 ranked lender in Oregon - 598 contributions

If they have to come out twice you will more than likely be charged a trip fee for both of the times they come out yes.

Feb 23rd 2016
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Phil Dumouchel (PhilDu)
#32 ranked lender in South Carolina - 2,240 contributions

Usually there is a flat fee for the appraisal, but if the home isn't complete (new construction) or there were needed repairs that have to be re-inspected after completion there is an additional charge. Appraisers are independent contractors and their time is how they get paid so a 2nd trip means more time and more paperwork for them that they need to be paid for.

Feb 23rd 2016
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William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,722 contributions

Yes.. and this happens often.. if the seller didn't have the utilities on when the appraisal was done, then the lender will make his appraisal "subject to" verifying the utilities can be delivered to that property.. at that point, the lender will make a determination if they will accept an appraisal with a "subject to" valuation. (Most all will not) , then the appraiser will need to go back out to verify utilities, and if he has to go back, then he does charge a fee.. this is just one example of hundreds of different examples why an appraiser might have to go back to the property.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347

Feb 23rd 2016
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Jesse Stroup (jessestroup)
#4 ranked lender in Idaho - 593 contributions

Most will charge for the first inspection and a smaller fee if they need to come back out to the property.

Feb 25th 2016
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