Dave Towne: Another Nationwide Appraiser Fee Survey

http://www.realestateappraisertips.info/ – Dave Towne: Another Nationwide Appraiser Fee Survey

Appraisers………..

An appraiser in Pennsylvania sent me this link to another nationwide appraiser fee survey……actually it’s within the typical mortgage closing costs for each state, provided by BankRate.com.

http://www.bankrate.com/finance/mortgages/2010-closing-costs/united-states-closing-costs-map.aspx

This survey will show the ‘average’ appraisal cost for each state. Click the link above, then click your state. Scroll down the list of charges to find the Third Party fees, including appraisals.

This is the second currently available complete independent nationwide survey which appraisers can use to set Customary and Reasonable fees for their own area. Both are based on many thousands of reports already submitted.

The other national survey is the alamode Mercury Network Appraisal Fee Reference, which breaks out ‘median’ fees by every county in the US. Find it at: http://www.mercuryvmp.com/analytics/

When I compared the two surveys for Washington state, they are very similar. So it validates the accuracy of these two independent sources which appraisers can use to determine their own Customary and Reasonable fees.

Dave Towne
Towne Appraisals
dtowne@fidalgo.net
Mount Vernon, WA
360-708-1196
& Appraiser Education Service

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