The appraisal must be serviced by the seller's appraiser and real estate agent. The landlord, if possible, should not be home during the appraisal process. The appraiser will be able to do his job much easier when he can move freely around the house. A buyer never attends a real estate appraisal.
Upon expiration of any due diligence period, the lender will order an appraisal of the property to determine the market value of the property. If the home doesn't evaluate the purchase price, the lender may refuse to approve the loan. For this reason, it's a good idea to include an appraisal contingency in the contract, which would allow the buyer to terminate the contract if the home doesn't evaluate the purchase price. Does a buyer need to be present when the appraisal is completed? Recently, a buyer agent insisted that they and their buyer attend the appraisal.
They may never have attended an appraisal, but this is not usually something that the buyer or their agent attends. The appraiser will not respond to the buyer's questions and will not give any idea of the value until the appraisal has been completed. In my opinion, the only person who should attend the evaluation is the publicly traded agent. Usually, appraisers don't want either party to be present at the appraisal, but they especially don't want someone to be on the buyer's side.
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