How long do desktop appraisals take?

Depending on the appraiser and if they require any photos or relevant documentation, some desktop appraisals can take just a few minutes. Although, you should expect the whole process from start to finish to take one or two days.

How are desktop appraisal forms different?

The main difference between a desktop appraisal form and the one used in a full appraisal is that the desktop form leaves out actions that require an in-person inspection. A full appraisal requires detailed notes about a property’s condition often accompanied by photos. A desktop appraisal, on the other hand, relies strictly on publicly available information.

Should I get a desktop appraisal?

In many cases, where a desktop appraisal option could make sense, a lender will choose it for you. However, as noted above, lenders may not offer them because they aren’t as accurate about the property’s condition. On the plus side, desktop appraisals provide the possibility of saving time and money.

Desktop Appraisal: Everything To Know