Who Pays For Home Inspection And Appraisal. The appraisal process appraisers use a. The cost of a home appraisal is also similar to the cost of a home inspection.
The appraisal is an assessment of value that ensures the property you are buying is worth what you have agreed to pay for it. The main difference between an appraisal and an inspection is that an appraisal deals with the value of a home, while an inspection deals with the condition of the home. The exact cost will vary based on.
Negotiating repairs with the seller.
Traditionally, the buyer pays for a home appraisal because it is required by a lender. Nationally, the average home appraisal is about $340. Lenders don’t want to own overpriced property and that’s why the appraisal takes place before the lender grants final approval of the buyer’s loan. However, there are times when a seller could choose to pay for either or.
