The procure to pay cycle has become a standardized process for both procurement practitioners and service providers alike. If you are involved in procurement at all, itâs a term you may have heard thrown around, but are you aware of the actual components of the cycle? Letâs break it down for you!
According to MortgageNewsDaily.com, the national average cost for an appraisal by a licensed professional is between $300 and $400 and should require roughly two hours of inspection time to complete.ccording to MortgageNewsDaily.com, the national average cost for an appraisal by a licensed professional is between $300 and $400 and should require roughly two hours of inspection time to complete.
The appraisal, which involves an inspection of the home's condition and features and determines a market value, is intended for the sole benefit of the buyer's lender. The buyer typically covers the appraisal, which costs an average of $412 in California, according to a 2012 Bankrate.com survey.