As pretty much everyone mentioned, your Lender should have provided you with an GFE (Good Faith Estimate), which the Appraisal typically will be listed as a fee to the Borrower. If you are receiving a Credit to be Applied to your Closing Costs, then it will typically be a "Wash" between what you paid upfront and will most likely be reimbursed after close of escrow. The Estimate should be pretty close to your "actual" closing costs, which is impossible to provide an accurate GFE because of all the variables (third party fees, pending your actual closing date for your interest expense, etc...). Best wishes in your new home.

Are you represented by a Realtor? If so, they should be informing you of these items and many other things. I would suggest that you review your good faith estimate from the lender and also ask your agent to give you an estimated closing statement from escrow. These will show you all the estimated fees.

Remember that it is typically the buyer's responsibility to pay for the home inspection. That fee will not be on any closing statement, but your agent should be keeping you advised of these things.

One thing not mentioned. Because you pay for the appraisal, it belongs to you. Make sure to get a copy of it for your files. You never know when the appraisal, or some piece of information in it may come in handy.

Also, this cost should have been disclosed to you in your Good Faith Estimate from your lender. Was it not there? Hoping the rest of your transaction bring you no more surprises. Dare to Dream.

Shel-lee Davis
CDPE, QSC
Your Real Estate Consultant for Life
RE/MAX Palos Verdes Realty
310-710-85723
http://shel-lee.listingbook.com

Hi Orbenet2004,

To answer your question, you as the buyer are responsible for the cost of your appraisal fee. Good luck in closing escrow on the property.

Matt

You are responsible for that payment, and it is considered a closing cost even though you are paying it up-front. Unless you have a large down payment and are using a lender who allows a property inspection waiver, you will have to get one. Did you go over any costs with your loan broker before had so that you knew what you had to pay up-front?