Curious about the price tag of a home appraisal? On average, it’s around $400, but recent trends in inflation and demand have caused prices to rise.

Keep in mind, the type of loan you’re using can also affect appraisal costs. Conventional loans tend to come with lower fees, while government-backed loans (think FHA, VA, or USDA) may run closer to $750. That’s because these loans often require more documentation in the appraisal report.

As for who picks up the tab? 🧾 Normally, the buyer covers the appraisal cost at closing. However, there’s room for negotiation. Buyers can request that sellers chip in as part of seller concessions. It’s all about finding the right deal for you!