After you get a bound contract. the inspection and appraisal will be scheduled and paid for by the buyer. In most cases you will be contacted directly to schedule the appointment and allow entrance to your home for both. PLEASE LEAVE THE LOCKBOX ON YOUR DOOR SO INSPECTORS AND APPRAISERS MAY ACCESS IF YOU ARE AT WORK IF YOU DESIRE.
After the appraisal the buyers agent will let you or us know if the home appraised. Typically they only say if it came in at contract price or not and don't divulge a number.