Why Do Lenders Use Appraisers?
The majority of appraisals that are performed are performed for mortgage lenders. Lenders rely on appraiser to inform them of the market value of a home before the lender puts out money for the purchase of that home. In this instance, the appraiser is working for the lender, ensuring that their investment is well advised. Even if the buyer is the one paying the lender, the appraiser is working for the lender, not the buyer.
