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 New construction, homes larger than 3,500 square feet or properties outside of an appraiser's primary area typically cost more. 2  A standard residential appraisal can cost $250-$1,000 or more, but averages about $300-$500. For example, Appraisal IQ in Texas charges $450 for a duplex and $500 for a fourplex; and AppraiserValues.com in Southern California charges $950-$1,900 and up for a four-page appraisal of a building with 5-60 rental units.