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Time to complete an appraisal

How many hours does it take to complete your average urban/suburban appraisal


  • Total voters
    63
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Robert Hronek

Thread Starter
Junior Member
Joined
Jun 3, 2003
Professional Status
Certified General Appraiser
State
Nebraska
On average how much time do you have invested in a typical urban/suburban appraisal that was not complex.
 

Randolph Kinney

Elite Member
Joined
Apr 7, 2005
Professional Status
Retired Appraiser
State
North Carolina
On average how much time do you have invested in a typical urban/suburban appraisal that was not complex.
It is taking longer for me, 8 to 10 hours.

The biggest time increase comes in searching multi-years of data for resold houses and also collecting the data to analyze for trends. Making charts and graphs also adds time. Writing a narative to put the whole story together adds time.
 

Lawrence R.

Senior Member
Joined
Mar 27, 2007
Professional Status
Certified General Appraiser
State
South Carolina
For standard, typical results, 4-6 hours. Too bad it isn ever contained in the same business day, it seems.
 

Alison Swain

Senior Member
Joined
Sep 13, 2005
Professional Status
Certified Residential Appraiser
State
Florida
I've gone from 5-7 hours in the boom days to 9-15 hours now.
 

Ray Miller

Elite Member
Joined
Feb 20, 2002
Professional Status
Licensed Appraiser
State
Wisconsin
Now by this post it appears that most appraisers are making between $10 to $35 gross per hour. Now take out cost of doing business and it appears not much per hour is being made.
 

Terrel L. Shields

Elite Member
Gold Supporting Member
Joined
May 2, 2002
Professional Status
Certified General Appraiser
State
Arkansas
most appraisers are making between $10 to $35 gross per hour
closer to $8-10 after expenses. Just a quick check suggests $32/ GROSS and $11 net taxable
 

Edward OConor

Member
Joined
Apr 27, 2006
Professional Status
Certified Residential Appraiser
State
New York
I think that the poll is flawed. The lack of a definition of "average how much time do you have invested" is the problem. What is that to include? Just research and writing or including the inspection, including inspection of the comps and including travel time from the office and back to the office. There are days that it can take me 30 minutes to get to a specific neighborhood and other days that it can take over an hour to get to the same neighborhood.
 
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