Appraisal Vs Home Inspection
Many clients buying homes think a home inspection and appraisal are the same. This is not the case at all.Generally speaking you can say that the appraiser is more concerned with the value of the property and the home inspector is more concerned with the condition of the property. Lets take a closer look at what each of these two professionals do.
Real Estate Appraiser- Real estate appraisers develop an opinion of value for the subject property for various reasons including mortgage underwriting. An appraiser will spend about 15-30 minutes in a home doing visual inspections on exterior and interior of the home. They will take measurements of the house, photographs make note of any site improvements, and will notate if there are any safety issues that might be a lending concern….