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A free appraisal..........It prob. was worked into the fees. I don't know of any appraiser who works for free - even for someone they know. (would you). Anytime a free appraisal is involved you have to look at the motivation of all parties. An appraiser is supposed to be an UNBIASED party. If they are waiting to see if the loan goes through to get paid, or have to make a certain number to make the deal work, that is not unbiased. If I were you I would get another appraisal, additionally the way property values are going a more recent appraisal will be more accurate, but prob for less as market conditions have been fairly negative for some time (longer market times, lower prices.)

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Q: Should you get a second appraisal for your house in a divorce situation when one party is buying out the other The party buying the house got a free appraisal for applying for the loan.?
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