average price for home appraisal
If you need a mortgage to buy a home, your lender will require a home appraisalâwhere a professional estimates the value of your place to make sure itâs at least enough to cover the mortgage. While the lender hires the appraiser, the buyer pays for it, which begs the question: Whatâs the cost of a home appraisal? While the cost of a home appraisal varies by the size and location of your home among other factors, generally you can expect to pay around $300 or $400, according to recent estimates. Hereâs what youâre getting for your money.