Like any service, appraisal fees are directly related to the amount of time the appraiser spends in providing the service.  

The amount of development time may vary from one assignment to another even though the reports for different assignments may look similar. While an appraisal assignment involves both development and reporting of assignment results, the client sees only the appraisal report. 

The estimates do not include items such as:

            Additional Consulting
            Court Testimony
            Multiple Structures
            Complex Properties
            Oversize or High-value Properties
            Historical Properties
            Stigmatized Properties

Consequently, the estimated fees below are for properties that are more or less typical of the local market.

Commercial Appraisal Reports
for Tax Appeal, Estate Settlement or Lending  Purposes

            Commercial property appraisal fees are quoted on a case-by-case basis

Residential Appraisal Reports
for Tax Appeal, Estate Settlement or Lending Purposes
            Add $50 when the 1004MC form is required for lending purposes

            Single Family URAR Form*         $350.00

            Two-Four Family FNMA 1025      $550.00

            Condominium/Coop Units**         $350.00

            FHA Single Family                     $425.00

            FHA Multi Family                       $600.00

            2055 Exterior                             $225.00

            2070                                          $200.00

            704 Drive by W/Comps***            $175.00

            Final Inspections                        $100.00

            No-show / trip fee                       $100.00
                Charged to lender when borrower no-shows appointment

Appraisal Reviews
            Field Reviews
                  Single Family                       $350.00

                  Condo/Coop                         $350.00

                  Two-Four Family                   $550.00

            Desk Review                              $250.00

            Appraisal Update                        $200.00

 
*Larger, estate-type properties are billed by estimated work hours to complete assignment.

**Urban areas only, price varies by estimated work hours to complete assignment.

***Drive-by appraisals are accepted only when conditions permit, i.e. hostile foreclosure etc.


These fees will be quoted to client prior to inspection when possible
(All above fee are effective as of 01/01/2010 and are subject to change)

Point Pleasant • New Jersey
Phone (732) 701-0170 • Fax (732) 701-0172                                                           info@hoganappraisal.net