Do you believe that the consumer owns their appraisal because they paid for the appraisal when they applied for a loan to purchase or refinance real estate ?

Question

Answers Subscribe to Answers

Sort

Rainer
279,778

Dipti Thakkar

LAER Realty Partners - Andover, MA

On a team with Praful Thakkar

Maybe.

Apr 17, 2018 09:41 PM

Upvote

2

Praful Thakkar

Andover, MA

Rainmaker
630,201

Ajay Pandya

e-Merge Real Estate Unlimited - Columbus, OH

Realtor Ajay Pandya

I don't think so.

Sep 13, 2017 10:18 PM

Upvote

2

Praful Thakkar

Andover, MA

Rainer
305,410

Tammy Adams ~ Realtor / Podcaster

Maricopa Real Estate Co - Maricopa, AZ

A Maricopa Agent who Works, Lives & Loves Maricopa

Personally I think the seller should pay for this and own it. It should stay with the home regardless for a set amount of time. But I also get why we do it the way we do. Or maybe the cost is split and we get shared ownership. When deals fall through, the sellers get a free appraisal and inspection many times, especially on homes over priced yet a buyer "just has to have it"

Nov 23, 2014 08:26 AM

Upvote

1

David Saks

Memphis, TN

Ambassador
5,961,950

Bob Crane

Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI

Forestland Experts! 715-204-9671

That is between them and the lender.

Jul 11, 2019 11:43 PM

Upvote

Rainmaker
3,071,039

Tony and Suzanne Marriott, Associate Brokers

Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ

Haven Express @ Keller Williams Arizona Realty

The written agreement controls

May 19, 2018 06:12 AM

Upvote

Ambassador
4,318,402

Praful Thakkar

LAER Realty Partners - Andover, MA

Andover, MA: Andover Luxury Homes For Sale

Yes.

Apr 19, 2018 09:58 PM

Upvote

Rainmaker
4,799,925

Gabe Sanders

Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL

Stuart Florida Real Estate

Yes, I do.

Aug 07, 2017 05:18 AM

Upvote

Rainmaker
1,572,490

David Saks

Memphis, TN

Broker / Industry Analyst

One of the reasons why the seller doesn't pay is because of the possibility that the buyer won't get the financing, Tammy.

Nov 23, 2014 08:35 AM

Upvote

Back to Top

Personally I think the seller should pay for this and own it. It should stay with the home regardless for a set amount of time. But I also get why we do it the way we do. Or maybe the cost is split and we get shared ownership. When deals fall through, the sellers get a free appraisal and inspection many times, especially on homes over priced yet a buyer "just has to have it"
One of the reasons why the seller doesn't pay is because of the possibility that the buyer won't get the financing, Tammy.