Who bears the appraisal costs in a mortgage?

Here I am again ;)

If you want to take out a mortgage with the bank, the property must first be appraised by an expert, of course this appraisal costs money. Who has to bear these appraisal costs?

Hello,

If you want to take out a mortgage at the bank, the property must first be appraised by an expert, of course, this valuation costs money. Who has to bear these appraisal costs?

What kind of question is that :rolleyes:

If you want to renovate your house, the financing bank needs to know which building substance they are lending against; therefore, you bear the costs. If you want to purchase a existing property, basically the same principle applies. Exception: the current owner has already had a valuation done at their own expense and it is accepted by your financing bank.

Basically, as everywhere: whoever orders the music has to pay for it.

Kind regards