How is the appraiser most likely to get information regarding the details of the financing and its effect on the sale price?

• A. Verification with a party to the transaction
• B. Public records search
• C. Inspection of the property
• D. Appraisal report

Answer: (A)

Understanding how financing affected the sale price comes from confirming the actual terms of the deal with someone who was party to it. Verification with a party to the transaction is the best source because they can provide precise financing details—such as loan type, terms, concessions, seller contributions, and any other arrangements—that influenced the price. Public records might show the sale price and recorded mortgage, but they often don’t capture the full financing terms or any concessions that altered the price. Inspecting the property addresses physical condition, not financing. The appraisal report is the final document that presents findings, not a primary source for obtaining financing details.