Home Buying in Broadview>Question Details

Marsha Walker,  in 10001

who pays for the appraisals?

Asked by Marsha Walker, 10001 Wed Oct 14, 2009

i want to know who pays for the home appraisals

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4
The buyer pays for the appraisal. This is one reason why if there is enough time between the inspection and mortgage commitment deadlines the buyer will wait to order the appraisal until after they've had the inspections done. This way if there is a major problem with inspections that would cause the buyer to want to terminate the transaction (check with your Realtor/real estate attorney about what your rights are) they can save the cost of the appraisal. Good luck to you with your home purchase!
0 votes Thank Flag Link Thu Oct 15, 2009
The buyer would be responsible for the appraisal.
0 votes Thank Flag Link Thu Oct 15, 2009
Usually the borrower pays for the apprasial.
0 votes Thank Flag Link Thu Oct 15, 2009
when a borrower is looking to obtain a mortgage the borrower will pay for the appraisal.
0 votes Thank Flag Link Wed Oct 14, 2009
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