Appraisal Fee

Appraisal Fee

A fee that an appraiser assesses to perform his/her service. That is, when an appraiser estimates the value of a property, he/she usually charges an appraisal fee. This is usually a necessary cost to the buyer, seller, or lender in a real estate transaction. See also: Closing costs.

Appraisal Fee

A fee charged by an appraiser for the appraisal of a particular property.

References in periodicals archive ?
Chase will also waive: the origination fee for instalment loans; the appraisal fee - up to USD5, 000 - for loans on owner-occupied real estate; the SBA Express guarantee fee for loans of USD150,000 to the program's maximum of USD350,000 and the first-year annual fee for a business line of credit.
An individual who receives an appraisal fee based to any extent on the appraised value of the property;
Allowing the appraisal fee to be variable and not requiring it to fall within the required tolerance would be a simple and easy way of getting appraisal costs down.
The process takes consumers just two minutes and a small $2 appraisal fee, with offers based on commodity market prices that are updated every hour.
Generally, no part of the appraisal fee can be based on a percentage of the item's appraised value, according to AEF.
Focus on work that is billed by the hour not by a bid, and situations where the client wants an intellectual not a valuation drone; where the appraisal fee is not as important as the advice, protections, or counsel that is provided; and where the advice given is not a reason to hire or fire the professional.
Care must be taken in setting the appraisal fee; that charge cannot be what the IRS calls a "prohibited appraisal fee.
He said he would need a lifetime registration fee of pounds 2,500, and an appraisal fee of pounds 1,000 to cover a three-hour telephone consulting session and an intensive home visit and until this was paid in cash into his bank account he could enter into no further correspondence.
Offering them a discount on the appraisal fee may be the right incentive to generate an inquiry.
Some examples follow, each using a $10,000 amount borrowed, a $300 appraisal fee, and $400 in points.
The fees that may be paid in advance for this type of loan transaction are for the credit report and an appraisal fee.

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