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Answers (4)
- Elisa Mullins, CPM, Broker, "discountrealtor"
- Contributions:515
If you have a lender in place then it is the buyers lender or mortgage company; if you do not have a lender in the transaction; then it is the buyers agent or the buyer in some cases if they do not have an agent...
if you are buying some homepath financed properties; there may not be an appraisal required.
good luck;
- Debra Kay, "Redo Realtor"
- Contributions:27
The Buyer's lender orders the appraisal when all the documentation for the loan is gathered and verified. Sometimes the loan officer is able to have the under writer give the loan package a quick review to get a heads-up on and conditions that need to be satisfied before loan approval. The loan officer does not want you to spend money on an appraisal if there are glaring credit issues or you are waiting on an additional source of funds, say a gift from a relative.
- Ofe Polack, "Ofe Polack"
- Contributions:1418
None of those, it is actually the lender who orders the appraisal and it is paid by the buyer.
- Erin Diaz, Broker ~ Owner, "Beaches_Backroads"
- Contributions:232
When buying the property the mortgage broker places the order for the appraisal. So techinically on the buyers behalf the mortageg broker will order the appraisal. Hope this helps!
WHO ORDERS THE FHA APPRAISAL?? IS IT THE BUYER'S REAL ESTATE AGENT, THE BUYER OR THE SELLER??
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