What is an appraisal and who pays for it?

An appraisal is an independent licensed estimate of a home's market value, required by lenders to confirm the home is worth the loan. In Florida it usually costs $500 to $700 and the buyer pays it.

You pay early, during the application stage, and it's typically non-refundable since the appraiser does the work regardless of whether you close. We order it promptly so it never becomes the bottleneck.

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