![]() Property’s Condition: The home appraiser documents any visible defects in the home appraisal report.This difference can be hundreds of dollars. Location: Home appraisers in some states offer an appraisal at lower rates than others. ![]() Property appraisal costs in Arizona for FHA loans or VA loans can cost about $400 to $900. Type of Loan: Government-backed loans require a thorough appraisal process to ensure that the property meets some safety and structural requirements.Property’s Size: Appraisal costs change significantly if a property is large, or spreading across multiple acres of land.Some lenders have started to accept such appraisals.įactors That Affect Arizona Home Appraisal Costsīefore you budget your expenses for a home appraisal, understand these factors that determine its costs: Hybrid Appraisal – $250 to $375: This process involves two appraisers – one conducts a visual assessment and the other analyzes the data.However, like desktop appraisals, mortgage lenders do not accept this appraisal as it’s not comprehensive. Drive-By Appraisal – $100 to $150: This service involves a visual assessment of your property, but the appraiser does not enter the house.Although this is a cheaper alternative, most lenders do not accept its evaluation. Desktop Appraisal – $75 to $200: The appraiser only looks at publically available data related to your property.You get an appraisal report after the appraiser has gone through comps in your area. The appraiser personally visits your house to assess it visually. Traditional Appraisal – $350 to $600: It provides the most accurate appraised value of a home.Here are some kinds of Arizona home appraisal services you get: In recent years, traditional ways of appraisal have evolved, particularly in light of the pandemic. ![]() But for bigger properties like multifamily homes, it can range between $600 to $1,500. However, this price changes drastically based on your location and type of property.Īccording to HomeAdvisor, the average cost of a home appraisal for a single-family home in Arizona is $300 to $400. Home appraisal fees in Arizona can range between $300 and $400, with a national average of $350. » How to Prepare Your Home For an Appraisal: Check out our ultimate guide How Much Does a Home Appraisal Cost in Arizona? The parties and their agents can be present while the home is being appraised. They will also look at real estate comps, which are properties sold recently in the area.īuyers and sellers can also hire a Arizona home appraiser to calculate the home’s fair market value. Real estate appraisers look at multiple factors like your location, home’s age, condition, area, etc. Mortgage lenders hire house appraisers to determine whether the loan amount is worth the property’s value. Typically, a home appraiser will visit your property after the house goes under contract. How Does a Home Appraisal Work in Arizona?
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