Who pays for appraisal in Colorado?

In Colorado, the buyer typically pays for the appraisal during a real estate transaction. This is especially common when the buyer is securing financing for a property, as lenders require an appraisal to ensure the property's value supports the loan amount. The cost of the appraisal is often included in the closing costs that the buyer is responsible for.

However, in some cases, the party responsible for paying the appraisal fee may be negotiated between the buyer and the seller, particularly in commercial transactions. In rare situations, the seller or both parties might agree to share the appraisal cost, but this is less common.
Ultimately, the appraisal fee is most frequently paid by the party seeking the loan, which in most cases is the buyer.