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Updated over 8 years ago on . Most recent reply

Ryan Van Fleet's profile image
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Ryan Van Fleet
  • from Laurel, Maryland
  • Member since May 25, 2016
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Ryan Van Fleet's profile image
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Ryan Van Fleet
  • from Laurel, Maryland
  • Member since May 25, 2016
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Ryan Van Fleet
  • Laurel, MD
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Mortgage Brokers & Lenders

Appraisal price

Ryan Van Fleet
  • Laurel, MD
Posted

I'm going through the closing process and my mortgage agent is giving me a quote of $750 for the appraisal. The house is 1000 sq ft on an 1/2 acre. Its priced a $102k.  Does this appraisal fee seem high. If so what are the average price for appraisals.  I've been told $300-$400 by other realtors.

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Chris T.'s profile image
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Chris T.
  • Investor
  • from Downers Grove, IL
  • Member since Aug 10, 2015
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Chris T.
  • Investor
  • from Downers Grove, IL
  • Member since Aug 10, 2015
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Chris T.
  • Investor
  • Downers Grove, IL
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Chris T.
  • Investor
  • Downers Grove, IL
Replied

@Ryan Van Fleet

I am not familiar in your area, but that $750 do sound high. I have paid $300-$500 for appraisers. Your local realtors' estimates should be accurate. 

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