After a appraisal should not the seller and buyer both be aware of the appraisal value?

  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
June 25 2012 - Lexington
We think we've answered this question for you!
 
 

Replies (6)

The one who pays for the service is the who gets the benefits of it.  Thus, unless the seller pays for the appraisal it is not typical for the seller to know the appraised value.  The buyer should definitely be aware of it, however, as he/she pays for it.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
June 25 2012
Dorothy is correct. If there is a problem with the appraised amount and you need the seller to lower the price, then it's typically released to the seller. You can always choose to let them know. Most buyers do not choose to do so.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
June 25 2012
The appraisal resutls goes to whoever pays for it, ususally the buyer.  In the event that the property does not appraise and the price needs to be adjusted, the information is shared with the seller. 
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
June 25 2012

The party who pays for the appraisal will receive the report.

  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
June 25 2012
Profile picture for Appraisal guy
The bank that the borrower is using will hire the appraiser. The borrower will pay for the appraisal but they will not know the results of the appraisal until the appraiser finishes the appraisal and sends the appraisal to the bank. At this point, the bank will share the appraisal results with the borrower. The borrower can share the results with their Realtor. 

In other words, the company or person who orders the appraisal is the sole owner of the appraisal, even if the borrower pays for the appraisal. 
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
June 25 2012
I recently had a seller request a copy of the appraisal after the contract was dropped because of a low appraisal. The buyers refused to share it. That could happen since they are the ones to pay for it. I always try to send as many extra sold comps to an appraiser when requested, to try to save deals. That isn't usually known by buyers and sellers. We do work hard to help as best we can behind the scenes. No one likes to throw in the towel on a deal that could work. I'm sad when they fall through for my clients. 
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
April 29 2013
 
  • Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.
Related Discussions
Appraisal higher than the list price but inspection a problem?
Profile picture for Vince Curtis
Latest reply by Vince Curtis
September 23 2013 | 3 answers
Should you sell your present home before making an offer on another home?
Profile picture for user9639155
Latest reply by user9639155
April 30 2013 | 3 answers
After a appraisal should not the seller and buyer both be aware of the appraisal value?
Profile picture for Lizette Fitzpatrick
Latest reply by Lizette Fitzpatrick
April 29 2013 | 6 answers
Be A Good Neighbor

Zillow Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy.

Homes for Sale
  1. 500 Hadlow St, Lexington, KY Home For Sale
    500 Hadlow St, Lexington, KY 40503

     For Sale: $209,000

    • Beds: 4
    • Sqft: 2530
    • Baths: 2.5
    • Lot: 7187
  2. 2200 Rawlings Ct, Lexington, KY Home For Sale
    2200 Rawlings Ct, Lexington, KY 40509

     For Sale: $168,000

    • Beds: 0
    • Sqft: 1818
    • Baths: 2.5
    • Lot: 5750
  3. 1692 Hill View Pl, Lexington, KY Home For Sale
    1692 Hill View Pl, Lexington, KY 40504

     For Sale: $119,900

    • Beds: 6
    • Sqft: 2508
    • Baths: 2.0
    • Lot: 10846