Appraisal Fee after backing out

[Cheza M.]

Hi Community,

I have a questions regarding the appraisa fee. I was supposed to close for a property, but ended up backing out. The lender did the appraisal. But since I’m canceling the deal, do I still have to pay for this appraisal fee?

[Nick C.]

Yes typically the buyer is on the hook for the appraisal. The appraiser did the appraisal, he must be paid. You cancelling the deal is irrelevant.