How are appraisal fees determined?

Appraisal fees are based on the complexity of the appraisal, not the value of the property. Fees are never based on a percentage of the value of the property appraised. Appraisal fees are established by each firm. In evaluating the cost of an appraisal, consideration should be given to the experience of the firm / the appraiser, the quality of their appraisal and their reliability for performance. The cheapest appraisal may not be the best or “lowest cost” appraisal.

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