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Bene, Home Buyer in Baltimore County, MD

who pays for appraisal and inspection is it buyer or seller?

Asked by Bene, Baltimore County, MD Fri Nov 16, 2007

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The great thing about real estate... it's practically all negotiable... talk it over w/ your realtor and plan out a strategy.
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1 vote Thank Flag Link Fri Nov 16, 2007
Bene,
Typically the buyer is responsible for the home inspection and the appraisal. There is always room to negotiate...Put it in writing and see what happens.
1 vote Thank Flag Link Fri Nov 16, 2007
Bene,
In normal market conditions the inspection would be considered a buyers expense. BUT if the market is in the slow down in your area, as it is in most, I am finding the sellers are paying. Talk with your agent. When you go to make an offer, make sure it is spelled out that the seller is paying but YOU are selecting the inspection company. Your mortgage lender will usually order the appraiser and it will be a part of your lending package. This can also be negoiated with the seller, by asking them to help and/or pay your closing cost in the offer. Again, talk with your agent, he/she will help you with this and guide you in the right direction. That is our job!
1 vote Thank Flag Link Fri Nov 16, 2007
Usually the Buyer pays for the appraisal since the lendor will require such for the mortgage. The inspection is negotiable to be paid for by either party.
0 votes Thank Flag Link Sat Nov 17, 2007
Where I am the buyer pays for it. I can't imagine why a buyer would want the seller to select and pay for the inspection and appraisal, since they would then be looking out for the seller's best interest.
0 votes Thank Flag Link Fri Nov 16, 2007
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