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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%
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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: 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, PA, KY)
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
ProMatcher
Answer: Two weeks
Explanation: Turn times vary per appraisal, but generally we are able to complete appraisals in a 2-4 week period. If you need an expedited appraisal, let us work with you to provide you with a rush order.
Reece Appraisal Group
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
ProMatcher
Answer: Depends on the assignment
Explanation: Completion fees vary depending on property type, complexity and current number of assignments.
West Valuation Inc.
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
ProMatcher
Answer: Depends on the assignment
Explanation: I do not currently do commercial appraisals, but I have in the past. Each one is different.
LAKE AREA APPRAISAL FIRM
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.
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Related Questions

Which organization do you feel best represents the interests of commercial real estate appraisers?Top answer: The Appraisal Institute

What is the most important professional designation that a commercial real estate appraiser can hold?Top answer: MAI from the Appraisal Institute

How Long Does It Take to Complete a Home Appraisal?Top answer: 5-7 days

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