Appraisal Fee

Definition

  • A cost charged by professionals who are hired to offer educated opinions about the monetary worth or value of a property.

Synonyms
assessment cost, invoice, service fee, bill, statement

Alternate Spellings
fees

Related Terms and Acronyms

  • Appraisal Definition,
    • An estimate of the market value of a piece of real estate made by a competent professional who knows local real estate prices and markets.
  • Closing Costs Definition,
    • The miscellaneous expenses involved in closing a real estate transaction that are over and above the purchase price. Some of the closing costs include title insurance, appraisal fee.
  • Pre-paid Expenses Definition,
    • also called prepaid items or prepaids -- Recurring costs such as taxes, insurance and interest that are paid at closing and which cannot be financed.
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