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Updated about 8 years ago on . Most recent reply

Luke Mccandless's profile image
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Luke Mccandless
  • Investor
  • from Washington
  • Member since Mar 14, 2015
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Luke Mccandless's profile image
Luke Mccandless's profile image
Luke Mccandless
  • Investor
  • from Washington
  • Member since Mar 14, 2015
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Luke Mccandless
  • Investor
  • Washington
21
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63
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Real Estate Deal Analysis & Advice

Appraisal fee seems really high

Luke Mccandless
  • Investor
  • Washington
Posted

My family is being charged $3300 for an appraisal by the bank he is using ( This is for a commercial 11 unit mixed use property in Spokane Wa.) - This seems really high to me ?

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Angelo C.'s profile image
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Angelo C.
  • Real Estate Investor
  • from Palm Harbor, Florida
  • Member since Dec 16, 2016
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Angelo C.'s profile image
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Angelo C.
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  • from Palm Harbor, Florida
  • Member since Dec 16, 2016
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Angelo C.
  • Real Estate Investor
  • Palm Harbor, FL
43
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Angelo C.
  • Real Estate Investor
  • Palm Harbor, FL
Replied

Luke,
It doesn't sound too high. Commercial appraisals usually run in the thousands, depending on complexity.

Best wishes

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