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Property Appraiser questions, answered by experts

As a seller, it might feel tempting to skip the appraisal, especially in a hot market that sees a lot of all-cash offers. While you can technically forgo it and hope for an all-cash offer, you’ll likely have a very tough time selling without an appraisal. 

In addition to protecting lenders from risk, appraisals also protect buyers’ investments. As such, it isn’t typically recommended for buyers to skip appraisals.

Appraisals are not mandatory but are helpful for pricing accuracy and negotiation purposes.

They provide objective, third-party valuation, guiding fair sales or purchase prices.

Yes, experienced appraisers handle a variety of property types with tailored methods.

The purpose of the home appraisal determines which party pays for it. You’re generally responsible for the cost if you need to know the current value of your home to refinance your mortgage, though in some instances the lender will pay for it. The buyer pays for the appraisal when they are applying for their mortgage.

The Westminster, VT homeowners’ guide to property appraisals

From average costs to expert advice, get all the answers you need to get your job done.