It is Appraisal cost that refers to the cost associated with determining the condition of the property when buying a home.
What is an appraisal cost?
Appraisal costs are expenses related to quality control that a company incurs to ensure its products and services meet the standards of its customers, the company, and regulatory requirements.
It ensures that the products and services supplied by them are meeting the expectations of the customer, i.e., they are free from defects and are fulfilling all regulatory requirements. Examples of such costs include the cost incurred on inspection, field tests, internal audits, etc.
Therefore, It is Appraisal cost that refers to the cost associated with determining the condition of the property when buying a home.
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