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Home appraisals: What to expect

by Gwen Uyen Le 04/28/2025

As a homebuyer or home seller, it’s essential to be knowledgeable of the appraisal processes, as it’s one of the final steps during the closing of a home. By understanding the factors affecting how long an appraisal may take, proactive steps can be taken to make sure this process goes according to plan. 


How long do appraisals take?

Home appraisals are done by lenders to see if your home is worth the loan amount you’re requesting to complete the homebuying process. Typically, the appraisal process can take around 1 to 2 weeks but when the market is busy, an appraisal can take upwards of about a month. 


What would cause an appraisal to delay?

When a home doesn’t meet certain standards, and the appraised value comes in lower than the asking price, issues can arise. When this happens, a lender may require repairs to be made on the property and then for an additional appraisal report to be submitted. 

In addition, if the market in the area you wish to purchase a property in is busy, the home appraisal process may take longer if there is a lack of appraisers available. 


What happens after appraisal comes back?

If the appraised value comes in lower than the asking price, either the difference needs to be met, or an additional appraisal needs to be done for the mortgage loan to be approved. 

However, once the appraisal is approved, the mortgage lender then starts the underwriting process, in which a mortgage underwriter ensures needed documents and conditions are placed before issuing the loan. 

During this process, they examine the borrower's credit, debt-to-loan ratio and other relevant factors to make sure the borrower is fit for a mortgage loan. 

A home appraisal is a vital step of the home buying journey, so it pays off to work closely with a lender to explore your options to solidify a smooth appraisal process.

About the Author
Author

Gwen Uyen Le

Bilingual Agent: English & Vietnamese  

I am an energetic, God-loving person who loves all that city of Baton Rouge has to offer. I became a licensed REALTOR in Louisiana and began selling real estate with one of the nation's largest Real-Estate companies. I specialize in residential properties in Baton Rouge and the surrounding areas. I always explore new marketing options, business ideals, and higher-quality service standards to redefine real estate with client experience! As your real estate agent, I assure you that you will get my 100% focus and attention, the absolute best price, and the least amount of inconvenience, whether buying or selling. 

You will also notice in any situation when dealing with me, expect to be open mind and honest, with the constant communication, integrity, and professionalism. I love my career and pride myself on being a hard-working professional and skilled negotiator.  

For a consultation or if you're thinking of buying/selling/building/leasing/investing in residential and commercial properties in Baton Rouge or the surrounding areas of Louisiana, please call/text me at (225) 405-7463. I would love to be your neighborhood agent!