What We Do
How We Help
Most mortgage transactions require an independent appraisal to protect the lender from making a loan on an overvalued property. Prewitt Appraisals is on the approved appraiser panels for most major lenders.
While borrowers cannot choose their appraiser for mortgage transactions (this is handled by the lender or an appraisal management company), we provide the same thorough, professional service regardless of how the order is received.
Common Questions
Frequently Asked Questions
Everything you need to know about our mortgage appraisals process
No. Federal regulations require that lenders maintain independence in the appraisal process. Your lender or an appraisal management company (AMC) will select the appraiser. This ensures the appraisal is unbiased and independent.
The inspection itself typically takes about 30 minutes. After the inspection, the completed appraisal report is usually delivered within 2-3 business days. Total timeline from order to delivery is typically about one week.
The appraiser will measure the property, photograph the interior and exterior, note the overall condition and features, test basic plumbing and electrical systems (for FHA/VA loans), and inspect the attic and crawl space. The inspection covers the property's size, condition, amenities, and any items that may affect value.
If you believe the appraisal is inaccurate, you can request a Reconsideration of Value (ROV) through your lender. You'll need to provide specific comparable sales data that supports a different value. The appraiser will review the additional data and determine if an adjustment is warranted.