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0:05 5:19 Everything Sellers Need to Know About Home Appraisals - YouTube YouTube Start of suggested clip End of suggested clip So the lender hires the appraiser. The buyer pays for it and you don't have to do anything easyMoreSo the lender hires the appraiser. The buyer pays for it and you don't have to do anything easy enough right wrong.

The seller often does not generally get a copy of the appraisal, but they can request one. The CRES Risk Management legal advice team noted that an appraisal is material to a transaction and like a property inspection report for a purchase, it needs to be provided to the seller, whether or not the sale closes.

The mortgage company owns the appraisal even though the borrower paid for it. This is because the mortgage company orders the appraisal on the borrower's behalf, and the Appraiser lists that mortgage company on the report.

Appraisal Fees by State StateAverage CostTennessee$325 – $450Texas$300 – $550Utah$325 – $425Vermont$315 – $42046 more rows

The Confidentiality Section of the Ethics Rule of USPAP and the Appraisal Institute Code of Professional Ethics provide that an appraiser must not disclose confidential information or assignment results to anyone other than the client and persons specifically authorized by the client; state enforcement agencies and ...

The seller often does not generally get a copy of the appraisal, but they can request one. The CRES Risk Management legal advice team noted that an appraisal is material to a transaction and like a property inspection report for a purchase, it needs to be provided to the seller, whether or not the sale closes.

Moreover, you may order an appraisal whenever you need regardless of problems you may have had with previous lenders. It means that no, appraisals are not public records.

If you have a previous appraisal, I might suggest you use my Appraiser Info Sheet to share information appraisers tend to ask about, and then say nothing more than, “I have a previous appraisal if you want to see it.” If the appraiser doesn't want it, that's fine. If the appraiser does, that's fine too.

If you and your agent think the appraisal is too low, you may request a second opinion. You can ask for another appraisal; however, understand that you may be out of luck if the second appraisal comes in even lower than the first.