Drop in the number of US home appraisers is delaying closings, raising costs

Oct.October 25, 2016 02:00 PM

Harney-e1468611825391From the New York October issue: There’s trouble brewing in appraiserville — and it’s beginning to cost some unsuspecting homebuyers money. Those hoping to close in the coming months should be aware.

The problem is part work overload, part resentment over fees. In many markets, diminishing numbers of experienced appraisers are available — or willing — to handle requests for their work on tight timetables and at lower fees than they used to earn. [more]

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