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.
1 A standard residential appraisal can cost $250-$1,000 or more, but averages about $300-$500. 2  For example, the Houston Appraisal Company in Texas starts its fees at $300 for a non-lender appraisal of a single-family home. A quicker turn-around time costs more. 2  For example, Houston Appraisal Company in Texas charges a 24-hour rush fee of $100. 3  If the property is located outside the appraiser's standard area, travel fees may apply, depending on distance.