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Seller's Information for Appraiser provided to Buyer - Montana

Seller's Information for Appraiser provided to Buyer - Montana 2025

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The document is an information form for appraisers, designed to collect essential details about the property and the owner for appraisal purposes. It includes sections for owner information, property details, known liens, and the purpose of the appraisal, indicating whether it is for selling or refinancing.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Does buyer have to share appraisal with seller?

It is up to the recipient to share the report, as they choose. It should be noted that appraisal reports do not favor one side or the other, regardless of who orders or who pays.

Does the buyer have to give the seller a copy of the appraisal?

The seller often does not generally get a copy of the appraisal, but they can request one. The CRES Risk Management legal advice team noted that an appraisal is material to a transaction and like a property inspection report for a purchase, it needs to be provided to the seller, whether or not the sale closes.

Is Montana a full disclosure state?

Montana is a non-disclosure state, meaning that property sale prices are confidential and not public information.

Does the seller get a copy of the buyers appraisal?

Most homeowners, when they interact with an appraiser, its because theyre either buying or selling a property or perhaps refinancing their mortgage. If youre a seller, you almost never see the appraisal, unless the buyer wants to show it to you.

What does an appraiser report provide to the lender?

A lender uses an appraisal not only to assess the value of the property, but also to determine such things as your interest rate, required down payment, and whether you will be approved for the loan.

Which party owns the appraisal document?

Ownership of Appraisal Reports in Mortgage Financing The lender owns the report, even though the borrower pays for it. Appraisal Requested by Mortgage Broker for Private Lenders: Mortgage brokers often arrange appraisals for private lenders. The broker commissions the appraisal, but the private lender owns the report.

When must the lender give the buyer/borrower a copy of the appraisal?

A creditor shall provide a copy of each such appraisal or other written valuation promptly upon completion, or three business days prior to consummation of the transaction (for closed-end credit) or account opening (for open-end credit), whichever is earlier.

Can seller talk to appraiser?

To that end, many appraisers believe that any communication with individuals involved in the transaction including real estate agents is unlawful. However, the Bureau Chief of Californias Bureau of Real Estate Appraisers (BREA) debunked this view in a recent BREA newsletter.

Seller's Information for Appraiser provided to Buyer - Montana 2025

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