Skip to content
To begin, we must say that there is no set deadline for signing your mortgage after the appraisal of your real estate property. This
Contenido
How long does it take to appraise a home?
First, once you have accepted the budget offered by the Appraisal Company, they will contact you in 24/48 hours to arrange the visit to the property, depending on the preferences of each client.
According to the internal regulations that govern this type of service by the Appraisal Companies, the deadlines for carrying out an Official Mortgage Appraisal depend on the Appraisal Company. In the case of Euroval, the delivery time of the Appraisal report is usually around 5 days, provided that all the documentation is available.
Important: remember that you must request the simple updated note (less than 3 months) before the appraiser goes.
This regulation seeks to expedite this procedure in order to ensure that the purchase of a home does not suffer in its appraisal price from fluctuations originating in the real estate market.
Do you need a Simple Note?
For €11 avoid lengthy Administrative procedures
Lowest market price
To begin, we must say that there is no set deadline for signing your mortgage after the appraisal of your real estate property. This period will depend primarily on your financial institution and the other parties involved: the notary, the appraiser, and the seller.
Therefore, we must make it clear that the period it will take you to sign your mortgage is not regulated by any legislation and that it will depend on the parties involved in the signing of it.
From Euroval, we must make it clear that a mortgage loan can only be requested through the purchase of an Official Mortgage Appraisal.
The valuations of any real estate property can allow us to know if the sale or purchase price of a property is adjusted to the market or if the appraisal is above or below the purchase price, but for legal purposes they are not valid to request a mortgage.
Do you need an Official Appraisal?
Request a quote now to know the price of your appraisal
In Less Than 1 Minute and Free
How much time elapses between requesting the appraisal and signing the mortgage?
We already know that the process of buying any property can become tedious. After having searched for the property, negotiated the price, seen the best interest rates on mortgage loans from various financial institutions, the appraisal... the moment of signing the mortgage and handing over the keys arrives, but, how much time can elapse between the delivery of the appraisal and the signing?
We estimate that between 15 and 20 days. In order to expedite the process, we advise you to follow these guidelines:
- You must be close to the agent of your banking entity
- Request the procedure to request an appointment with the notary or do it yourself. In the event that you have to find a notary, we recommend that you contact the one you trust and request an appointment within 15 days of obtaining the appraisal.
Share Article
Recommended Articles
Essential Keys to Regularize your Photovoltaic Plant in the Cadastre
In recent years, Spain has experienced a very significant expansion of photovoltaic plants, both in number and in occupied surface area, consolidating itself as one
Value of a Painting: how to Know the Price of a Canvas
To know the value that a work of art can reach, you must first make a list of previous investigations on the work to be
Difference between Usable and Constructed Area
If you are thinking of buying a home, you may be wondering about the differences between the usable area and the constructed area. This way
Contact Us
If you would like information or to contact us, please complete the following fields, and we will respond as soon as possible.
