Who Pays the Appraisal Fee?

The party ordering an appraisal and the party paying for it can differ. Confirm the fee and payment responsibility for the actual assignment.

Purchase appraisal payment

For a financed purchase, ask the lender about its appraisal ordering process and the charge you are responsible for.

Ask whether the agreed charge is due:

Ask how cancellation or a transaction that does not proceed affects the charge under the engagement.

Refinancing

For refinancing, confirm the ordering process, fee and payment schedule with the lender before authorizing work.

Who Orders the Appraisal?

For a loan-related request, follow the lender’s ordering process. For a private request, the engagement should identify the client, payer, scope and report recipient.