After the offer is accepted, part of the job of the Buyer's lender is to get an appraisal on the property. The lender wants to be assured that the value of the house matches what the buyer(s) agreed to pay. Typically the appraisal is done without the Seller at home.
In our markets in southeastern Wisconsin, we are notified when the appraisal has been received by the Buyers....and know that the property is or is not valued at the contract price. The appraisal itself is paid for and belongs to the Buyer and not the Seller and is not shared with the Seller.
Listing agents need to keep a watchful eye on the timing of an appraisal....be sure that one is ordered by the Buyer's lender in a timely manner to close on time and have the happily ever after that is everyone's goal
If your goal is a smooth real estate transaction as a Seller or a Buyer...Call the Hansons for the prompt professional service and proven results you deserve for all things real estate.