What is appraisal and who pays for it?

An appraisal is conducted by a certified appraiser. The appraisal report is used by a lender to determine the fair market value of your property. It is NOT a mandatory requirement by all lenders. 

For the majority of cases, when an appraisal is required, the borrowers will pay for it first and Valueland will reimburse the cost once the mortgage is successfully closed with Valueland.