Tony Lewis, Summit Real Estate Santa Clarita & Aliso Viejo (Summit Real Estate Group)

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Rainer
150,619
Ed Macias
Real Estate Teammates - Miami, FL
Miami FL-REO Property Management Multifamily

Only if they paid for it

Jul 19, 2015 01:43 PM
Rainmaker
3,985,855
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

NO, Not unless it had something to do with a low appraisal.

Jul 19, 2015 11:29 AM
Rainmaker
395,439
Cindy Davis
SD Home Source Realty - San Diego, CA

I understand your situation. You are under no obligation to provide it. I would only share the appraisal if appraisal came in low and we were re-negotiating.

Jul 19, 2015 09:37 AM
Rainmaker
5,571,848
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

it's paid for by the buyer.... the listing agent should  not get it....

Jul 19, 2015 09:03 AM
Rainmaker
3,330,828
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

If the appraisal states repairs are needed than yes they should get it, if not and only the inspection reports states repairs needed, i would only give a copy of the inspection, 

Jul 19, 2015 08:38 AM
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Cindy Jones
Integrity Real Estate Group - Woodbridge, VA
Pentagon, Fort Belvoir & Quantico Real Estate News

Only if the property did not appraise.  Then we are required by contract to provide it for any future concessions or to void the contract.  It is the buyer's property not the sellers.

Jul 19, 2015 06:28 AM
Rainer
140,911
Daniel Seider
BTRE Big Trees Real Estate - Arnold, CA

I would only give a copy of the appraisal with the buyers approval since they own it

Jul 22, 2015 05:03 AM
Rainmaker
645,098
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Santa Clarita & Aliso Viejo

DING DING DING DING... 

We have a winner.  The answer is absolutely not.  (of course, unless the appraisal is below the purchase price)

The situation was this.  I sold a pool home for $610,000.  The buyers made had the home inspection and as a result asked for repairs amounting to nearly $3,000. 

This is the point in which the listing agent requested a copy of the appraisal. 

I then asked for all of your input and received incredible responses.  Based upon your great answers, I discussed the request with the buyers and advised them that the only thing the sellers needed to know is that the loan could be consummated and the appraised value was sufficient.  The buyers agreed that it was not any benefit to share the appraisal.

I relayed this to the listing agent stating, as some you advised, the lender wasn't wiling to share the document.

Here's the twist, that listing agent then wrote back: "The sellers saw the same model without the pool and upgraded listed at $630,000 which is $20,000 higher than the price they accepted.  They were thinking of putting the home back on the market"

We received $2,700 in lieu of all repairs.

Realtors are the best!

Jul 21, 2015 03:00 AM
Rainmaker
429,605
Brenda J. Andrew
ULTIMA REAL ESTATE - Corpus Christi, TX
Professional Realtor in Corpus Christi, TX

I would not give it unless there were lender required repairs, even then I would only give the page that stated the repairs.  It is the buyer's report since they paid for it.  I would ask the buyer what they wanted to do, but at the same time, explain to the buyer why you don't want to give it.  Your not obligated to!

Jul 20, 2015 07:42 AM
Rainer
55,246
Tabitha Rector-Richardson
Premier Homes Realty - Owings Mills, MD
Premier Homes Realty (443) 415-4215

We have to provide a copy of the appraisal is the appraiser is require repairs to the property.  Just like with a home inspection and negotiating repairs, the same thing has to be done when negotiating lender required repairs. 

I would prefer not to provide the Seller with the appraisal if the property appraised for way more than the sales price.  Possibly just provide the page of the appraisal that has the require repairs.

Jul 20, 2015 06:35 AM
Rainmaker
1,670,751
Marte Cliff
Marte Cliff Copywriting - Priest River, ID
Your real estate writer

It seems to me that if the seller wanted an appraisal, he or she should have ordered and paid for one prior to listing. 

Jul 20, 2015 04:58 AM
Rainer
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Evelyn M Epperson
Coldwell Banker Residential Brokerage - Johns Creek, GA
A Tradition Of [Excellence, Trust & Service]

I am fine with giving the listing agent the appraisal.  I do not think it is a private document.

Jul 20, 2015 02:38 AM
Rainmaker
1,769,676
John Novak
Keller Williams Realty The Marketplace - Las Vegas, NV
Henderson, Las Vegas and Summerlin Real Estate

If the property appraised, that's all the listing agent and seller need to know. The report belongs to the buyer and their lender.

Jul 20, 2015 02:33 AM
Rainmaker
4,097,520
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Only if there was a problem with the appraisal(low).  Otherwise, the buyer pays for it, it's for the buyer and his/her/their lender.  

Jul 20, 2015 12:55 AM
Rainmaker
1,707,423
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

In Oklahoma contracts, the appraisal has nothing to do with repairs. If it was going to the seller and their agent, I would inform the buyer and ask their permission. I would also be compelled to tell the buyer that this could work against them in negotiations, and I would imagine the buyer would say no.

Jul 20, 2015 12:18 AM
Rainmaker
323,415
Fred Cope
Reliant Realty in Nashville, TN - Nashville, TN
Looking For Homes With A Smile

That is a common fear, and not without merit. Inquire as to what specific information they need. Repairs generally are negotiated in response to the home inspection. The appraisal determines value based on comp sales, replacement cost, and rental value. An appraiser may note some needed repair that effects the value, but he does not check every item as an inspector does. The appraisal is an estimate of value, and not a certification of value. I guess the question comes down to WHY? Why they want it? Why should we provide it? The appraisal is property of the Lender, and that is really the only one with authority to release a copy to anyone. I assume the buyer provide your copy.

Perhaps one of the mortgage experts will chime in on this.

Jul 19, 2015 11:33 PM
Rainmaker
375,352
Shirley Coomer
Keller Williams Realty Sonoran Living - Phoenix, AZ
Realtor, Keller Williams Realty, Phoenix Az

The appraisal belongs to the buyer who paid for it.  There is usually no reason to give it to the the seller and I have never been asked for it.  If there are conditions for funding per the appraisal (ie FHA apprraisal calls out a roof  issue for example) that may be different.  As long as the house appraises at or above contract everyone needs to move on.

Jul 19, 2015 11:12 PM
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Frank Rubi
Frank Rubi Real Estate, LLC - Metairie, LA
FrankRubiRealEstate.com

In general practice no. But if the buyer agrees then OK. 

Jul 19, 2015 11:00 PM
Rainmaker
1,404,064
Raymond E. Camp
Ontario, NY
Licensed Real Estate Salesperson Greater Rochester

If it apraised definitely not as they did not pay for it.

Jul 19, 2015 10:22 PM
Rainmaker
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Richard Weeks
Dallas, TX
REALTOR®, Broker

Not unless the appraisal was below the sales price.

Jul 19, 2015 10:09 PM
Rainmaker
2,445,852
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Tony. Yes I would, lots of reasons, but if there are repair issues or value, it's a must.

Make it a great week!

Jul 19, 2015 07:17 PM
Rainmaker
1,518,806
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

I used to always share the copy of all reports with the seller, but recently I do not, unless they ask and my client does not mind. Btw, all the issues and the necessary repairs are probably are mentioned in the home inspection report and other reports(if any), not appraisal.

Jul 19, 2015 04:54 PM
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Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

if we want repairs we are required to give them a copy of the inspection or estimate, but never the appraisal.  First of all it belongs to the bank not the buyer, but the buyer is entitled to a copy, but I rarely ever see it.

Jul 19, 2015 02:01 PM
Rainer
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Sharon Altier, SFR
Lawton Realty Group, Inc. - Elmhurst, IL
Your Real Estate Partner

You have no obligation to give them the appraisal.  This was paid for by the Buyer and it is their personal property.  I would tell them no  They are probably seeing if the home appraises for more and possibilty not negotiate on repairs and put back on market with appraisal in hand; showing its higher value.  Stay firm.

Jul 19, 2015 01:47 PM
Rainmaker
882,439
Troy Erickson AZ Realtor (602) 295-6807
Good Company Real Estate - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Tony - I would not share the appraisal with the listing agent. That should have nothing to do with repairs. I would have no problem sharing a home inspection if that had some things pointed out in it and you wanted them repaired.

The only time you should have to negotiate things on an appraisal is if it came in low and you wanted to re-negotiate the purchase price.

Jul 19, 2015 11:56 AM
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Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

I rarely see the appraisal when working with my buyer so would not have the opportunity to give the other agent a copy. I don't think the seller needs it at all. An listing agent may benefit by seeing the comps used especially if they will continue to work in that neighborhood.

Jul 19, 2015 11:17 AM
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Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

I don't see what the appraisal has to do with repairs unless it's a VA or FHA appraisal and the appraiser is mandating repairs. 

Jul 19, 2015 09:29 AM
Rainmaker
3,464,794
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Tony, according to the agreement, but appraisal belong to buyer.

Jul 19, 2015 09:23 AM
Rainmaker
1,157,485
FN LN
Toronto, ON

Only if the contract requires providing the appraisal and only if permission has been granted by the appraiser.

Jul 19, 2015 08:46 AM
Rainer
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Mike Rock
Complete Design - Granite Bay, CA
Granite Bay Luxury New Construction...For Less

if you are asking for repairs, i assume that came from a home inspection rather than an appraisal. you all agreed upon the price. now you are negoiating repairs. if i were the listing agent i would assume the reason i cant see the aooraisal is that it came in higher, i think all of this is meaningless. sort of. im not sure showing , or not makes any difference. The bigger question is rather is the price really good? is it below what you and the buyer thought? did you steal it? then dont negiate it too hard on the repairs. If it is fair, dont be afraid to walk. but thats the buyers call,

Jul 19, 2015 08:20 AM
Rainmaker
178,919
Kim Johnson
Signature Realty Inc. - Coral Springs, FL
Selling South Florida

No I wouldn't give it to them.

Jul 19, 2015 06:32 AM