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Appraisal<br />
Depending on the length of the escrow, the appraisal will usually be done<br />
approximately 10 to 15 days following acceptance of the offer.<br />
An appraisal is an estimated value of a property. It is used by the lender to<br />
ensure the purchase price of the property is reasonable. We hire an<br />
independent appraiser to prepare the appraisal. The appraisal fee will be<br />
paid up front at the time the purchase contract is approved. The appraiser<br />
inspects the property and prepares the appraisal. It is submitted to the<br />
lender and their review team examines the appraisal before the file has<br />
complete loan approval.<br />
Our team will e-mail you a copy of the appraisal when we receive our copy.<br />
If you are refinancing...<br />
The appraiser will call the homeowner to schedule an appointment. The<br />
appraiser will expect payment at the time of the appointment. On Q Financial<br />
will place the appraisal order through Appraisal Tek.<br />
Austin Lampson, NMLS #517060 | On Q Financial | austin@austinlampson.com | 805.335.8200
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