Seller wants copy of appraisal reddit. Appraisers work for the lender, not the seller. From Redd...

Seller wants copy of appraisal reddit. Appraisers work for the lender, not the seller. From Reddit, and not being a professional in RE, I don’t really see the appraisal itself being a problem so I’d let them in. Again, they don’t have to agree and you could then back out as part of the financing contingency. He seems like a good person, but this seems suspicious. Now I'm just waiting for a response. He is actually pretty friendly, agrees with my value and observations, and would like sellers to lower the price (he says sellers wanted to sell it for higher). ) you have the right to see what information is being bartered about you to make decisions that affect your livelihood. The appraiser is requesting a copy of our inspection report. Current asking is $725K. Don't give them an inspection report unless you want to complicate things. The sellers had asked for a copy of the appraisal and we told them we would give them a copy after the loan transfer and ownership recorded with the county. Reply reply Feisty-Try-492 • Appraisal came back $20k higher than selling price. The seller wanted a copy of the inspection for free. Am I required to give him Explain the possible response from the seller to the request. We're supposed to address the contract and mention if anything is out of the We would like to show you a description here but the site won’t allow us. The purchase and sales agreement had a provision that says the appraisal must come in above purchase price for the sale to go through. Sep 9, 2022 · An appraisal, or the estimated value of your home, compares it to other similar homes in your area. Reply reply more repliesMore repliesMore repliesMore repliesMore replies Former CarMax employee here. LegalZoom has step-by-step tools and attorney guidance for your business and personal legal needs. Have your agent contact the appraiser with comparable sales that support the value for the house you're purchasing, and possibly information showing low current inventory which is a factor in higher appraisal values. In such a case, the process is to contact the lending institution and ask for their dispute process. Appraisal was 13k over listing price. Usually the appraisal either concludes that the value of the property is at least as great as the purchase price, or lists the value if less than the purchase price. But lender required appraisel for loan purposes. We would rather stick with 15% than sign the waiver. Why don't home sellers get an appraisal done before choosing their listing price? This would to make sure they don't leave money on the table, and also protect buyer from having to back out if it doesn't appraise. I know the seller typically doesn't receive a copy of the appraisal, but in this case, the seller did request to review it. Reply reply more repliesMore repliesMore repliesMore repliesMore replies We would like to show you a description here but the site won’t allow us. They can look for misinformation that could have affected the appraisal and dispute it. I know it's a seller's market, but it doesn't hurt to ask. Contribute to kkrypt0nn/wordlists development by creating an account on GitHub. My lender put my file through to processing and underwriting. The seller is trying to keep our earnest money because we switched lenders without written permission, however we switched lenders in good faith because we lost faith in our previous lender's communication and lack of action. The buyer's agent wants to make a quicker close, obviously. Seller’s Realtor asking for copy of appraisal Hi everyone, this may be something that’s an answer in the past but I could not find anything on a simple search. Daystar Properties - Move To What Moves You Aug 6, 2021 · Before the seller makes the counter-offer to your request that repairs be made to the property, the appraisal report is delivered with a value of $910,000. Seller wants a copy of the appraisal We’re about 3 weeks out from closing with an FHA loan. Let me be clear this has nothing to do with me waiving appraisal contingency between me and seller. I asked the lender to see the appraisal, to which they replied that it is being reviewed internally and they would release it when they were done reviewing it. There was a $30k difference in the valuations given on it, all by experienced appraisers. I ordered the appraisal on the first day. The appraisal came back 20k below our purchase offer. The appraiser sent the appraisal directly to the lender and didn't send me a copy. " Suppose further, as sometimes happens, that the seller is right. She's not paying the appraisal, she's not making . Why would our sellers agent request an exact dollar amount for the appraisal of the house? My agent seems nervous and thinks the sellers are trying to cancel the sale of the house (which we are fully prepared to sue if that’s the case). A house I sold last year had three appraisals done within a 2 week period because the seller wanted to get the best appraisal for use in advertising. Received and signed my Initial Disclosures from my lender. Jan 23, 2026 · Contractual Rights to Access A seller’s ability to access an appraisal usually depends on the terms of the sales contract. Even giving them 45 days, they need two extra weeks to close. It might be that the realtor accidentally disclosed, or the seller pressed the appraiser, which is why you usually don’t want the seller there during an appraisal. Buyers need their own independent appraisal, and if it is for financing, the appraisal needs to be ordered by the lender. The seller can ask the buyer to request a new appraisal. Understaffed for the volume. Find trusted BBB Accredited Businesses. I know we don't have to provide the appraisal info to the seller, and I've considered asking them to split the cost of the appraisal in order to get the info. Get BBB Accredited. If the seller obtains a copy of the appraisal -- or is apprised of its results -- he or Potential buyer came by today, saw the house, now asking to see a copy of an old appraisal “for reference” before they submit a bid. 📜 Yet another collection of wordlists. I offered asking for the house, asked for repairs, they declined, but I moved forward with the purchase at asking price. . I would just ask the seller if they will renegotiate the price. The lender may order a second As long as the appraisal comes in at or above the purchase price, the borrower does not need to tell the seller anything about the appraisal. Generally, a seller has no right to a copy of the appraisal report. Appraisal if conventional should be provided to borrower anyway since they paid for it, but in my experience extremely rare for any lender to accept another lenders appraisal unless they have to for VA or FHA. But lender is asking me to sign a "appraisal waiver" that waives my right to ask for the appraisal report from them Something about "3 business days prior to closing". For first lien and certain higher-priced mortgage loan applications, mortgage lenders are required to provide you with a free copy of all appraisals and other written valuations that provide an estimate of the value of your home. Listing agent here. If it's a non-arms length transaction just mention it and move on. Unless the appraisal comes in below the agreed price - there's no need to give the appraisal info to the seller. The property appraised at the contract selling price. In most industries (medicine, some of banking, etc. Meet the Seller half way and pay that difference in cash at closing. Hi all, I'm buying a house and had an appraisal done on it. Read "Freakonomics". He will essentially be my neighbor soon, he has asked to see a copy of the Ask the buyer’s agent for a copy of the appraisal for the seller, explain the seller would like a copy (and do not disclose why, as that is confidential and non of the buyer’s business) if asked. the agent doesn't matter at all. It's unusual for them to request it. Our agent told their agent that the old appraisal is irrelevant, but they still would like to see it. Do I/should I provide this to them? Edit: Thank you all for the advice. We would like to show you a description here but the site won’t allow us. I feel like if I am not required to provide it then I am not going to in case the sellers try to pull some shit. Appraisal went smoothly and the house appraised at list price. If the seller now pockets $12k and gets an offer for $400k later, then that's a win too. I know I legally do not have to provide this, but was just wondering why he would want this after the sale is done. the contract terms shouldn't have any effect on your math, just another thing to comment on. They bring to the transaction neutrality, knowledge of the area, and an understanding of construction quality. The appraiser’s role An appraisal is performed by a licensed real property appraiser. Husb and I found a home we LOVE (in Long Island, NY). Our sellers used a relocation company which actually played in our favor because they are more of a hassle to use. I requested a copy of the appraisal report and upon review, it appeared to be well-founded, utilizing five comparable properties within a 7-mile radius, all of which were new construction homes. Don't get a second appraisal, because you're rolling the dice there too. Wondering why they are asking us to waive the appraisal clause and how it is related to us putting less down payment. Showing an appraisal to a seller is like allowing an inspection for a no inspection contingency buyer. Crazy to think I found the right house in the perfect location with a reasonable seller. The appraisal is for, and the property of, the lender, although the seller pays the AMC, and is entitled to a copy of the report. We consulted our real estate agent and they didn't indicate we would need permission. My agent just reached out and said the seller is now requesting a copy of my appraisal. No you don't have a right to see the appraisal here. They have no contractual way to use it against you, but that doesn't stop some from doing it anyway through other means. What happens if the buyer tells the seller it appraised for $25k more and they decide they'd rather breach contract and go back on the market? That happens. They also tried to ask for a paid receipt for the home inspection. Our appraisal was ordered by our lender and we received a copy of the report. He says somehow they missed that through the closing process. Seller is pestering us for the appraisal number, but I don't want them to back out/renegotiate. I made sure my lender got a copy of the fully executed contract immediately and locked in my rate (personal preference if you want to lock in or play the waiting game to see if they drop). The seller doesn’t have to agree though, which means you either proceed at the agreed upon price or you back out as a buyer. and appreciated all the advice. My FHA appraisal was just done today and I'm incredibly suspicious. Normally, this bank would wait until after the inspection to order the appraisal, just in case you decide not to proceed. It has now been two days, and the appraisal has yet to be released to me. There have been 3 price reductions since Sept. You can see why the seller would want a copy of a low appraisal. Any issue/concern? I closed on a house last week, and the transaction is complete. Stated reason is that they thought the house would appraise higher and they don’t trust their agent. There was no appraisal before closing. Now that escrow is closed, his client wanted to see the appraisal report. You're really just going to let them in and they do their thing. I guess the downside of entire situation is if you didn’t ask for proof of funds, and the buyer was bluffing, and needs financing to buy the home but fails to get it the transaction collapses. The seller wouldn't come down enough to make the additional repair costs worth the risk for me. Transcription In this short video I will answer the question whether or not the seller is entitled to receive a copy of the property inspection or the appraisal the answer can be found in the residential purchase agreement specifically paragraph 12 be all read the text which is a little dense and then we’ll discuss it says the seller shall make the property available for all buyer Just say I'm in contract to purchase a home and the appraisal comes in lower. Reply reply Feisty-Try-492 • The sellers had a rent back until August 16th but are allowing me access to the house on the 14th. So we didn't pay extra for an inspection. Before replying to your request for repairs, the seller, and the sellers’ agent (the listing agent), want to see the appraisal report. I am the seller. I wouldn’t send a single document to another lender or outside source as that is NPI. Seller requesting appraisal - are there any negatives to providing this? I bought my first home, we closed last week. The lender's "inspection" is the appraisal, and that's all they care about. I usually ask my buyer to put themselves in the seller’s shoes - how much can we ask for without pissing them off. Ask Seller to lower price to appraised value. You have the right to receive a free copy of your home appraisal for a first-lien mortgage. Seller now wants us to waive the appraisal clause before he can sign off on the amendment (changing down payment to 10%). Regarding appraised value, you can request the seller reduce the purchase price to match the appraisal. My neighbor is now selling and wants a copy of my appraisal. Seller's agent wanted the appraisal report for his client and I said the value is good but not a good idea to share it since we are in the middle of escrow. I wouldn't provide it unless your lender okays it. We put in an offer for $710K - considering it needs some cosmetic updates - SELLER COUNTERED OUR OFFER WITH $728K - claiming he has another offer on the table of that amount. If there were multiple offers, explain how seller may choose not to repair anything if he thinks he can go back to a different offer. We're here to clear it up for you. The property was taken off the market for some time, and that costs the seller potential money. If they would like a copy, they can pay for one. What do you think? Home is sold. We know the house like back of our hand. They just texted me asking if I wouldn’t mind sharing what the appraisal came in at. What could possibly go wrong? Am I missing something? Thanks for your inputs. The others offered/wanted a quicker close or move in date thinking the sellers would want that. Is this normal? Is this legal? WHAT is this? We've had issues with the seller from the beginning and I have a feeling she said something to the appraiser Backstory: The seller is paying for nothing. arms length meaning that the buyer and seller are not related. If the appraisal comes back at or above the asking price, the seller has no reason to worry about it. Under federal law, lender selects an Appraisal Management Company, who selects an appraiser from their corral of independent appraisers. Sep 9, 2020 · Yes. What are your thoughts on this or suggestions. Currently under contract to purchase the condo, the realtor for the seller actually lives in the condo. What if that one comes back low too? What if it is the SAME APPRAISER? Apr 22, 2003 · Anyway, somehow the listing agent got a copy of my appraisal and has called me to discuss it. Mar 4, 2022 · What home seller wouldn’t want to sell a house for more than the appraised value? While the extra money in your pocket may tempt you to list your house for more than the appraisal, take into consideration that a low appraisal can delay or even void a transaction. I have a question. I shared the appraisal with the seller. I pay for the appraisal, inspection, etc. Seller wants copy of appraisal, after closing. If you want them to start sooner, don't be afraid to ask them to order it now. There was one time we backed out of a house we were under contract with because the inspection found terrible, structural issues with the home. If they want to see it just for fun, they can wait until after closing if you wish to share. " Is this a standard practice? Is there any risk involved with doing so? I can't imagine anything, but posting here just to get a sanity check. Apr 13, 2022 · You might be confused about just what, exactly, helps add value to your home in the appraiser's eyes. Any idea? My wife and I put an offer in on a house and it was accepted pending an appraisal contingency. The appraisal came back a bit higher than the contract price and the sellers are being a total pain in the ass not budging on the price or after inspection repair agreements. Hi all, I'm trying to buy a property… We just signed closing documents today. This is an arms-length transaction from what you said here. He still wants more information. Remember a few things, Appraisals are only good until the market or additional “comps” sell or don’t. Now I told the seller it came around 320 (was exactly 323 and I bought for 318). However, the seller's agent is adamant that the home is worth $420,000 and provided a list of 10 comps, most of which are over 20 miles away and not comparable. If you have a copy of the inspection report (YOUR inspection report, if you are the buyer), give a copy to the appraiser, as it attests to the actual condition of the property. We are buying from our landlord. We have enough down to where it doesn't affect anything, but how would you proceed? We want the house, but wondering if you'd go back to the seller and see if they'd accept less. Sellers don't need to see the appraisal report. Jan 23, 2026 · The home appraisal process is just a formality, right? You've found the house you love and put in an offer, which was accepted! But don't celebrate just yet. Request a copy of the appraisal Ask the buyer or their agent for the appraisal report if you believe there is misinformation in it. Any downfall in her passing it around? The appraisal was paid for by the buyer, required by the lender (usually) and doesn't involve the seller. Is this true? We have done the research for you to find out if sellers get a copy of the appraisal. Is it ok for me to sign this??? Dec 8, 2025 · What does it mean when your lender offers an appraisal waiver? Skipping the appraisal can save time and money, but there’s more to it. Feb 25, 2025 · The seller typically does not receive a copy of the appraisal unless they specifically request one, which we’ll discuss in more detail in a bit. For me the sellers came down because they didn’t want to have to start the whole process over again, but they weren’t able to give me most of the money I’d asked for after learning about a couple things in the inspection. If you are informed that the appraisal came in below the purchase price and therefore, buyer wants you to lower the price to the appraised value, then you can/should demand a copy of the appraisal. You are acting quite entitled imo the seller is just a random dude not a store if you contact the support about this all they can and will do is get you your money back. In my market the buyer's agent does typically go to the appraisal and not the seller's agent. If it's below - then it's shared to either substantiate the negotiation of a lower price, or to facilitate any request for re-appraisal. The realtor may be getting some push from the seller's realtor (or may have a professional interaction which he wants to continue) - but that's no Feb 25, 2025 · The seller typically does not receive a copy of the appraisal unless they specifically request one, which we’ll discuss in more detail in a bit. But you don't have to agree to lower the price after you see the appraisal. What is your opinion? Thx Share Add a Comment Sort by: Best Open comment sort options Best Top New Controversial Old Q&A chuggaluggas • He said we should have given a copy to the appraiser before appraiser even arrived. Seems to vary by region. Has anyone had this happen / is this going to hurt me if I sign? The only time a seller will see a copy of the appraisal report is if the buyer wants to use it to negotiate this lower sales price. The appraisal came in several thousand over purchase price. Most people assume that the seller gets a copy of the appraisal prior to the sale. Looking for clarification regarding the residential appraisal process? This brochure will help you provide guidance to your clients about the appraisal process. Could be the seller is just nosy and wants to see the comps. If I were to back out, would the seller need to disclose the lower appraised value to future prospective buyers? The property was taken off the market for some time, and that costs the seller potential money. The home inspection is solely for your benefit. Doesn't seem like a battle worth fighting though if the appraisal came in at value. It has been on the market since March, asking price $830K. Mar 8, 2006 · One of the brighter agents in our neighborhood asks this question: "Does the buyer have an obligation to provide the seller with a copy of the appraisal?" Suppose the seller thinks, as sellers sometimes do, that the property sold "too low. An appraisal can be a good idea if it will help you as a seller feel better about your market price or to “confirm” the range an agent or agents have given you as far as opinion of value. We have lived in the house for 4 years. The seller is ready to move so I’m pretty confident if the appraisal comes back low he will be willing to match appraisal and let us finalize everything. BBB helps consumers and businesses in the United States and Canada. Is there any information on an appraisal that shouldn’t be shared? She wants to show potential buyers a copy to prove the value of her own. My mortgage lender called me up today, 10 months after closing asking me to sign a “Appraisal Waiver”. As it stands, we have submitted new comps to contest the appraisal last week and have been told it could take the appraiser 5-10 business days to get back with us, which would put that at the 15th, but our closing date is tomorrow! Our seller doesn't want to extend the closing date without Apr 1, 2019 · Getting a real estate appraisal is essential when you buy a house. Sharing the appraisal causes unnecessarily disgruntled sellers and complications. Because the appraisal is typically part of the buyer’s private financing process, sellers often include specific provisions in the purchase agreement if they want to ensure they see the valuation. File a complaint, leave a review, report a scam. The only time the buyer needs to disclose the appraisal is if the appraisal does not support the purchase price. I posted previously about the appraisal coming in 30k too low [TX]. Are there any other reasons the sellers would want this information? Seller requesting appraisal - are there any negatives to providing this? I bought my first home, we closed last week. The buyer (buyer's bank, that is) orders an appraisal of the house that I own and I am not permitted to see the appraiser's report. I told her how much I appraised for and I want her to sell high of course. They may not want to go back on the market. Provide the seller the response you received from the buyer’s agent and recommend that the seller get an appraisal if he feels the need to have one. The lender doesn't want/need inspection results. The sellers' agent is asking for a copy of the appraisal, for "accounting and tax" purposes. May 20, 2025 · Here’s what sellers need to know about the cost, purpose, and potential downsides of getting a home appraisal before listing your home. It's curious that they want the appraisal, even though they have a copy of the inspection; makes me wonder if they're trying to pull something shady. If you plan to go in for an appraisal, do this first! : r/askcarsales     Gaming Sports Business Crypto Television Celebrity Go to askcarsales r/askcarsales r/askcarsales In competitive scenarios, a seller may value offers with higher down payment amounts, waiving the lender's appraisal, seller leaseback option, quicker closing dates, increased option fees or earnest money to indicate buyer motivation, and maybe some type of discussion about how you plan to proceed after receiving inspection reports. Appraisal came back $20k higher than selling price. Our Realtor asked us today to send a copy of the report for his "records. Buyer wants to be present for appraisal. The sellers have now asked to see a copy of the appraisal. Mar 10, 2025 · How can sellers overcome a low appraisal? If you’ve followed the pre-appraisal tips above and your appraisal still comes in low, here are some actions you can take to course correct. zirvsx spglz fxcghd kbdn egcqmv rguvid asc zpqiv orrhipy mytzg