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How Much Do You Think An Appraisal Cost In 1947-take A Guess Before Opening Thread!

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celilola

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Jan 9, 2011
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Certified Residential Appraiser
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Arizona
According to my grandmothers settlement statement on a house she sold in 1947...the cost for an appraisal was $9.50. I wonder how this holds up against inflation....
Settlement Statement Attached!!
 

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  • 1947 Settlement stmt.pdf
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timd354

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Certified Residential Appraiser
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celilola

Sophomore Member
Joined
Jan 9, 2011
Professional Status
Certified Residential Appraiser
State
Arizona
Inflation aside, the appraisal development and reporting process in the 1940s does not compare to the appraisal development and reporting process today.
Agreed, nor does it compare to the development/reporting from even 5-10 years ago. It takes me at least twice as long to complete an appraisal than it did a few years ago (I put in a minimum of 45 photos now, have multiple addendum pages narrative that doesnt come close to what I used to do). Not complaining, these are good things and are likely due to the added experience I have now that Im in the biz for my 16th year. CYA. :)
 

JTip

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Oct 12, 2004
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State
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Terrel L. Shields

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May 2, 2002
Professional Status
Certified General Appraiser
State
Arkansas
A days wages in the days of $1/hour.
 
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