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

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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.
Simply put, home appraisals are meant for the buyers lender more than any other party. If a buyer needs a loan to purchase your home, the lender will require an appraisal toward the end of the loan application process just to make sure the home is actually worth its purported value.
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.
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.
In California, all residential purchases use the same Residential Purchase Contract, often called the RPA. Listing agents know in the RPA, that the seller and the sellers agent have a right to receive the report.
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People also ask

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.
In Michigan, sellers must disclose any material defects or issues with the property. This includes, but is not limited to: Structural defects. Plumbing and electrical problems.

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