Appraisal Shortage In Colorado

Dated: 09/27/2016

Views: 167

I know I have a few clients that can understand how this feels!

Home appraisals are taking longer to complete and costing more, and that is vexing home buyers, mortgage borrowers, real estate agents and loan officers along the northern Front Range.

“As the Denver real estate market has roared back, we’ve been met with a shortage of appraisers to keep up with the record number of homes that are going under contract and being sold each month,” said Anthony Real, chairman of the market trends committee at the Denver Metro Association of Realtors.

Rael’s research shows that the cost to appraise a standard home in metro Denver, which ran around $350 a few years back, is now costing closer to $600 and looks headed on its way to $800. Some of that increase reflects the rush fees that already overloaded appraisers are charging to meet closing deadlines.

Closing deadlines are getting pushed back because of the appraiser shortages and complicating life for buyers and sellers alike, and in some cases causing tempers to flare, Rael said.



Denver Colorado Real Estate Professional -Michael Steffen

Michael is a motivated realtor specializing with investors and new home buyers located in the following areas; DenverArvada,Aurora and surrounding areas. Michael Steffen uses advanced internet marketing to insure your property gets maximum exposure and holds a high value of ethics in his work to ensure the ideal scenario for everyone! For help with buying or selling a property call 303-981-2750!

eNewsletter Sign Up

Blog author image

Michael Steffen

My name is Michael Ross Steffen. I’m an Exit Realty Cherry Creek Agent in the Denver metro area. I specialize in advanced marketing, buying, selling and investing for seasoned, as well as first time....

Want to Advertise on this Site?

Latest Blog Posts

New Denver Listings 2018

Work to hard to not reward yourself with a house of your dreams. http://avery.denverhomesearchnow.com/index.php?types[]=1&areas[]=county%3ADENVER&fbts=6613144&beds=0&baths=0&min=0&max=30000000

Read More

Peyton And Falcon Horse Properties

Settled in 1888, Peyton was originally a farming and coal mining community. Today it is a growing community nestled just outside of Colorado Springs.  Enjoy open spaces with all the

Read More

Incredible Views In 80922

Check out these homes with fantastic views of the Front Range and Pikes Peak in the 80922 area. Located near some of the most popular shopping areas in Colorado Springs you can have the best of

Read More

Leave Your Car At Home These Properties Are Within Walking Distance Of Everything

Are you tired of having to drive every where? Check out theses wonderful homes located on the West Side of Colorado Springs. These properties are within walking distance of shopping, parks and

Read More