When the borrower sticks around for the appraisal they can sometimes have questions or you may have information for them that could help in the long run, especially for repairs that may need to happen. Each and every appraiser has their own way of handling this situation and it really just depends on what makes you more comfortable. 

I think the easiest way to make a decision if you are on the fence is knowing your audience (borrower). Do they seem laid back and easy? Do they seem like they may get annoyed? If it’s the first one then by all means go for it! But if they seem like they could easily get angry it may be better for the lender to be the messenger of the news. 

The one pro that we can easily see from being able to tell the borrower what may need to be repaired is that we can give them exactly what we will need to see. This means we can save ourselves a trip or two in the end because they won’t have a ton of questions and things won’t be overlooked as easily. 

This is definitely one of those questions where there is not a right or wrong answer, it’s more about how you feel about the borrower and how they will react.