Home Inspection Vs Appraisal

Home Inspection Vs Appraisal

As a home buyer, it’s important to know the difference between a home appraisal and a home inspection. Both are key to the process, but are totally different.. The home appraisal is meant to protect the lender from paying more than the house is worth.

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When you are purchasing a home in AZ, you will likely have a 10 day home inspection period. Your agent will recommend that you hire a professional home inspector to go out and create a.

The inspector should note the condition of the home’s major structures, features and components. The main difference between an appraisal versus an inspection is that an appraiser provides an estimate of what the home is worth, while a home inspector educates you about the overall condition of the home and alerts you to any issues or concerns.

Home inspectors and home appraisers can make a very comfortable living. So if you want to get into real estate, but don’t want to sell homes, consider these two options. What does it pay and who do I work for? As a home inspector, you can work for yourself (as your own small business) or work for a home inspection company.

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Minimized buyer discomfort: professional home inspectors help provide peace of mind that a home is live-in ready. Curtailed buyer’s remorse: A new home inspection may disclose items in need of repair..

What is a home inspection? A home inspection is a thorough inspection of a property that is used to determine the condition of the property and reveal any repairs that need to made. Unlike a home appraisal, a home inspection is usually optional. Once a buyer has made an offer, they have the option to hire a home inspector to visit the home and.

If, for any reason, the construction is faulty, it can lead to a variety of repair nightmares. A Home Inspection is the Same as an Appraisal These two tasks are completely different from one another..

A home inspection is not the same thing as a home appraisal. An appraisal is designed to determine a property’s value based on its size and condition, amenities, location, and comparable recently sold.

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