“When I sell my home, will I find out what how much the bank appraises it for?”
Answer:
If the appraisal comes in at the sales price or higher, the bank tells us the appraisal was “sufficient” or some similar term, but they don’t usually release the price.
If it’s low, they do tell us what the appraisal came in at so we know how much less they’ll loan and can figure out how to make up the difference.
Because the buyer is paying for the appraisal, you as the seller don’t have an automatic right to know the appraised value. You can ask, but they don’t have to tell you.
