Who Usually Pays For An Appraisal?

The borrower often pays for a loan-related appraisal, while the lender arranges the assignment. Confirm who is responsible for the fee and when it is collected with the lender handling the loan.

Payment Timing

An appraisal fee may be collected upfront or included in closing costs. Ask the lender about the actual timing and where the charge will be documented.

A seller contribution or a separately ordered seller appraisal has its own arrangement. Confirm the fee and payment responsibility rather than assuming the standard loan arrangement applies.

Cancellation and completed work

Ask about cancellation terms before ordering, including what happens if work has begun or the report is complete and the transaction does not proceed.