Inspections Vs Appraisals

Dated: 08/08/2016

Views: 169


The thought of purchasing a home can be a daunting task. That's why it's so important to hire professionals to guide you through the process. One of the professionals you will need is the home inspector. The role of the home inspector is to act as an unbiased third party to inspect every component of a home to determine the working condition and to report their findings. Inspectors do not document cosmetic issues, but primarily, they inspect for deficiencies. 

Another party to the transaction is the appraiser. An appraisal is ordered by the lender and is specifically used to determine the value of the home. Lenders want to ensure that the contracted price is supported by other recent sales in the neighborhood. Thus, the appraiser's job is to reconcile data for the neighborhood that substantiates the value.

Always consult with your real estate professional to help you understand when each step occurs in the process. Image titleImage title

Latest Blog Posts

8 Cool Housewarming Traditions From Around The World

8 Cool Housewarming Traditions From Around the World—From Cow Guests to 'Haint' BlueMoving into a new home calls for a great housewarming party! And if you're looking for a creative way to

Read More

House Hunting In One Day 6 Tips For Maximizing Your Time

House Hunting in One Day: 6 Tips for Maximizing Your TimeIn the ideal home-buying scenario, attending open houses and pinpointing the perfect place is a breeze. But in a seller's market,

Read More


Don’t Wait To Sell Your House! Buyers Are Out Now Recently released data from the National Association of Realtors (NAR) suggests that now is a great time to sell your.

Read More

6 Downsizing Mistakes Even Smart People Make

6 Downsizing Mistakes Even Smart People MakeThis past year, my mother downsized from our six-bedroom family home into a two-bedroom condo in a senior development. Although she

Read More