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How long does it take to complete a commercial real estate appraisal?

One week
3%
Two weeks
18%
Three weeks
7%
Depends on the assignment
66%
Not sure
3%
Next Question
Question: How long does it take to complete a commercial real estate appraisal?
Top Answer (66% of 27 votes): Depends on the assignment.

Answer: Depends on the assignment
Explanation: Turn times are typically 3-4 weeks, often can accommodate 2-weeks, and sometime longer than 4-weeks depending.
BCL REAL ESTATE SERVICES, LLC
Answer: Three weeks
Explanation: Typical term time is 2-3 weeks depending on the assignment.
Breland Appraisal Service, LLC
Answer: Two weeks
Explanation: Unlike residential appraisals, commercial properties require a wider search due to the limited number of comparable sales. Too often we have to purchase comparable sales from certain vendors as commercial sales are often not listed on the MLS.
Wall Street Appraisal
ProMatcher
Answer: Depends on the assignment
Explanation: Some commercial appraisals take longer to complete, i.e., multi tenant office buildings are more time consuming to complete than a small single user office. However, most can be completed within two weeks or so depending on our work load and property type.
V.A. Solano & Associates, Inc.
Answer: Depends on the assignment
Explanation: There is a wide variety of commercial property assignments. Some are very simple and can be completed within several days. Other assignments involve complex issues and possible litigation. So each project much be quoted individually.
Todd G. LiPira, SCGREA
Answer: Two weeks
Explanation: One to two weeks is typical. Very large projects can take longer, smaller single use properties may take less time.
Accurate Appraisals USA
ProMatcher
Answer: Three weeks
Explanation: 30 days is standard, but some reports can be done in less time
CORRELL Commercial
Answer: Not sure
Explanation: We do not perform appraisals
All Coast Home Inspections
Answer: Depends on the assignment
Explanation: Depends on the assignment.
Provost International Realty
ProMatcher
Answer: Depends on the assignment
Explanation: More units take more time. Multiple types (commercial, retail, medical) extend time
TriCoast Appraisal, LLC
Answer: Depends on the assignment
Explanation: Some might take 1 or 2 days such as an building and some like a church might take much longer.
Comprehensive Appraisal Solutions
Answer: Depends on the assignment
Explanation: Every assignment in commercial real estate appraising is unique and therefore requires the appraiser to have a firm understanding of the clients needs and expectations before an expected completion time can be estimated.
Trusted Appraisers Group (NC, SC, GA, TN, VA, NY, MD)
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Related Topics

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