why do va appraisals take so long ?

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why do va appraisals take so long ?

Here are some links that might be useful to you:

https://www.veteransunited.com/realestate/how-long-does-the-va-appraisal-really-take

https://www.veteransunited.com/realestate/how-long-does-the-va-appraisal-really-take
VA Appraisal Timeline – Veterans United Home Loans
A required step along the path to VA loan approval is the VA appraisal. The appraisal helps lenders calculate a home’s reasonable market value and ensures the property measures up to the VA’s Minimum Property Requirements (MPRs).. It’s a tall order for a VA appraiser: compiling these detailed reports careful analysis, supporting documentation and, most importantly time.
VA Appraisal – 8 Things You Must Know – Veterans United Home Loans
Let’s take a look at eight things buyers and agents must understand about the VA appraisal. 1. VA Appraisals are Mandatory. You’ll have a lot of choices to make on your homebuying quest. But if you’re using a VA loan, you can’t choose to opt out of the VA appraisal. Every home purchased with a VA loan must be evaluated by a VA-certified …
VA Tidewater and Reconsideration of Value for Low VA Appraisals
VA Tidewater Policy. The VA’s Tidewater process exists to combat low VA appraisals by allowing the appraiser to request additional comps and market data to support the sale price before finalizing the VA appraisal. The Tidewater policy is typically faster than an official reconsideration of value, as we’ll see below.
How Tough is the VA Appraisal? 3 Factors to Consider
It’s tough to say what a VA Appraiser will or won’t note on their report. Much of it depends in part on the appraisal and whether there are good, recent comparable home sales. You can talk with a Veterans United loan specialist in more detail at 855-870-8845. Rebecca Miller • 3 years ago.

https://www.veteransunited.com/realestate/8-things-you-must-know-about-the-va-appraisal

https://www.veteransunited.com/realestate/8-things-you-must-know-about-the-va-appraisal
VA Appraisal – 8 Things You Must Know – Veterans United Home Loans
Let’s take a look at eight things buyers and agents must understand about the VA appraisal. 1. VA Appraisals are Mandatory. You’ll have a lot of choices to make on your homebuying quest. But if you’re using a VA loan, you can’t choose to opt out of the VA appraisal. Every home purchased with a VA loan must be evaluated by a -certified …

https://www.homelight.com / blog / buyer-how-long-does-va-appraisal-take

https://www.homelight.com / blog / buyer-how-long-does-va-appraisal-take
How Long Does a VA Appraisal Take? – HomeLight
14 mai 2024In most cases, the process is typically completed within 10 business days. Every county has its own standard timeframe set by the VA, explains Warren B. Boizot, owner of BLG Appraisal Group in Denver, Colorado. The four counties that I cover for the VA all happened to be seven business days.

https://themortgagereports.com/110416/when-your-va-appraisal-comes-in-too-low

https://themortgagereports.com/110416/when-your-va-appraisal-comes-in-too-low
What to Do When Your VA Appraisal Comes in Too Low – The Mortgage Reports
14 févr. 2024Summary of ways to help close your VA appraisal gap. So, here are your main options when your VA appraisal comes in too low: Ask the seller to lower the sale price to the appraised value. Cover …

https://benefits.com/va-loans/va-appraisal

https://benefits.com/va-loans/va-appraisal
13 Common Questions About VA Appraisals – benefits
8 sept. 2023Because you’re the one applying for the loan, you are responsible for the cost of the appraisal. The VA appraisal fee can vary by location and the size of the property, but it usually costs between $500 to $800. You’ll need to pay this fee before the lender requests a VA home appraisal. 6.

https://listwithclever.com/real-estate-blog/7-faqs-about-the-va-appraisal-timeline-for-buyers

https://listwithclever.com/real-estate-blog/7-faqs-about-the-va-appraisal-timeline-for-buyers
Should I Get an Appraisal Before Selling My House? – Clever Real Estate
25 août 2022Most home sellers probably don’t need to get an appraisal before listing. Home appraisals are expensive ($350-$400), time-consuming (1-2 weeks or longer to complete), and often unnecessary. You can get a free CMA report from a real estate agent in just a few days. CMAs are usually accurate enough to properly value and price your home.

https://www.nerdwallet.com/article/mortgages/va-appraisals

https://www.nerdwallet.com/article/mortgages/va-appraisals
VA Appraisals: Requirements, Fees and What to Expect
A VA appraisal is required when using a VA loan to buy a home. Besides estimating its market value, a VA-approved appraiser thoroughly checks the home to make sure it meets minimum property …

https://www.veteransunited.com/realestate/how-to-challenge-a-low-va-appraisal-value-the-reconsideration-of-value

https://www.veteransunited.com/realestate/how-to-challenge-a-low-va-appraisal-value-the-reconsideration-of-value
VA Tidewater and Reconsideration of Value for Low VA Appraisals
VA Tidewater Policy. The VA’s Tidewater process exists to combat low VA appraisals by allowing the appraiser to request additional comps and market data to support the sale price before finalizing the VA appraisal. The Tidewater policy is typically faster than an official reconsideration of value, as we’ll see below.

https://www.vamortgagecenter.com/answers/va-loan-appraisal-vs-home-inspection

https://www.vamortgagecenter.com/answers/va-loan-appraisal-vs-home-inspection
VA Loan Appraisal: Requirements, Fees and Turn Times – VA Mortgage Center
The typical cost of a VA appraisal can range from $525 to more than $1,000. Appraisal fees generally vary by location, home type (single-family vs. multifamily, for example) and the complexity of the appraisal itself. In some cases, the fee may exceed $1,000.

https://www.lendingtree.com/home/va/va-home-appraisals

https://www.lendingtree.com/home/va/va-home-appraisals
VA Appraisal: Requirements, Fees and Timeline | LendingTree
24 janv. 2023For comparison, home appraisals generally range from $300 to $500; however, VA appraisals can be as high as $1,000 or more, depending on the property and location. Below is an example showing the VA appraisal fees for the Roanoke region. You can look up the VA appraisal fees for your location using the fee schedule.
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