• How does Beeline do appraisals?

  Once you've decided that you want to do the loan with us, you'll get a payment link from our appraisal partners. You can easily pay for the appraisal through that link. Shortly thereafter, you'll get a call, email or text to schedule with the appraiser. After the appraisal is done and we get the report back, we review it and make sure there are no issues with the value or the property. You will also get a copy of the report.Featured

• How long does an appraisal inspection take?

  The in-home time could be 30 min to a couple hours. After that, it can take a few days to over a week for the full report to come back. It depends on the appraiser, any complexities with the home and/or area. We usually get a time estimation from the appraiser once the appraisal is scheduled.Featured

• Why do I need an appraisal?

  An appraisal will provide us with a fair market value of the property. Because the size of your loan is connected with the home’s value, an appraisal needs to be done to show that the home can support the loan amount.Featured

• Can I use or transfer a recent appraisal?

  You may be able to use a recent appraisal — It depends on the type of loan you have. Chat with your Loan Guide to see what we can do.Featured

• The appraiser has a list of repairs. What now?

  If there are repairs that affect the soundness and safety of the home, they’ll need to be repaired before we can close your loan. Once the repairs are complete we’ll have the appraiser come back to the home and verify they’re complete — then we can continue on to that glorious closing day.Few readers

• I don’t agree with the appraised value. What do I do?

  Contact your Loan Guide to discuss the rebuttal process. Here are some things you should have on hand: ● A list of errors if any in the report ● Narrative describing your differing opinion ● At least three comparable properties (contact a local realtor if you need to, they’ll be happy to help). The properties should be sold and have closed in the past 6 months or so, no listings.Few readers

• What is the difference between a home inspection and an appraisal?

  A home inspection is different than an appraisal. An appraisal will tell you and Beeline the market value of the property, whereas a home inspection will identify repairs to be made. Generally a home inspection is voluntarily done by a buyer when purchasing a property.Few readers

• When will an appraiser call to schedule an inspection?

  That depends — if your appraiser is doing a ‘drive-by’ appraisal, they won’t need to get in touch with you beforehand. If the appraiser is doing an interior inspection, they’ll call you within a few days of you paying for the appraisal.Few readers

• When will the appraisal be delivered back?

  Once the appraisal is done, it can take a few days to over a week for the full report to come back. It depends on the appraiser, any complexities with the home and/or area. We usually get a time estimation from the appraiser once the appraisal is scheduled.Few readers

• The appraiser is doing a drive-by but they called/emailed me a link for my phone to take pictures. Is that normal?

  Yup! It's normal for appraisers doing a drive-by to send you an email with a link to a site — just follow the instructions and send back the pictures as soon as you can.Few readers

• I found an error in the appraisal. What should I do?

  Bring this to the attention of your Loan Guide. Mistakes happen and if it’s a material defect it could change the appraised value.Few readers

• How does the appraiser determine the value of my home?

  In order to determine the value of the property, an appraiser will visit to assess it, then they’ll take pictures of the inside and outside of the house, and also take into consideration comparable sales to get the appraised value.Few readers

• How much is an appraisal?

  The cost of an appraisal varies by property location - it can be anywhere from $600-$1,000 typically.Few readers

• Is the appraisal guaranteed to support the purchase?

  The appraisal is not guaranteed to support the purchase.Few readers

• If the appraised value of my home goes up, will this affect my taxes?

  If the appraised value of the home goes up, it will not affect your taxes. The appraiser doesn’t report the appraised value or other information to the tax assessor.Few readers