glenn walker
Elite Member
- Joined
- Oct 11, 2006
- Professional Status
- Certified Residential Appraiser
- State
- California
We charged $250 for waivers and $450.00 if borrowers wanted a full appraisal. More than 95% didn't wantDoes anyone know if the borrowers really benefit from lower costs? Or, do they pay the same amount? I did work for a bank that was sold. The new owners then charged exactly what we were charging for an appraisal (simple SFR) for in-house use, only they were providing an "evaluation" by an unlicensed party. IF you wanted a real appraiser add $250 to the fee...the borrower saved zero dollars, in fact, if they wanted a professional job they paid a lot more with the new owners.
a full appraisal unless they believed the property was worth more money than
the waiver allowed.