In most cases, the appraisal is usually dealt with
by the lender. Though it is normally a purchaser's expense,
the bank takes care of choosing the appraiser and scheduling
it. The purpose of the appraisal is to protect the lender
and the purchaser. Both parties want to make certain
the property is worth its selling price. Your Realtor
or lender can help you estimate costs for your appraisal.
Another thing that coincides with the appraisal is
the survey.
Yes, surveys are traditionally a purchaser's expense.
However, most lenders do not require surveys, and in
many instances the seller's already own one….of
which they may provide a copy to you. Your Realtor should
provide you with some insight as to whether a survey
is right for you. Once the survey is complete, you're
getting really close to owning your new home. It's now
time to get…… page 8 of 10
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