Would a HUD appraisal cost more than a normal appraisal?
- Anonymous1 month ago
Unknown. I paid cash and did not get an appraisal. I probably overpaid by 5-15% but I was in a hurry to get out of the apartment I was in that turned into a ghetto.
I can't imagine it would be a huge amount more but they can & will make you or the seller fix certain things in order to get the loan.
- PLv 71 month ago
Yes that's possible. HUD appraisals often include more detail and onsite pictures taken by the appraiser of the condition of the property as mandated by HUD law. A HUD appraiser by even require certain things to get fixed to qualify for the loan. Otherwise banks themselves for traditional loans may order cheaper appraisals depending on their own requirements and the amount put down by the buyer.