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Updated over 2 years ago on . Most recent reply

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Ben M.
  • Houston, TX
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Hard money appraisal turn around time

Ben M.
  • Houston, TX
Posted

I am looking at offering on a property with a 7 day option period. How likely is it that the hard money lender should be able to get an appraisal report ready within 7 days from when we put the property on contract?


This is in Houston. Thanks!

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Erik Estrada
#4 Private Lending & Conventional Mortgage Advice Contributor
  • Lender
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Erik Estrada
#4 Private Lending & Conventional Mortgage Advice Contributor
  • Lender
Replied
Quote from @Ben M.:

I am looking at offering on a property with a 7 day option period. How likely is it that the hard money lender should be able to get an appraisal report ready within 7 days from when we put the property on contract?


This is in Houston. Thanks!


 Some hard money lenders do not even require an appraisal. Happy to connect

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