Are appraisals like home inspections?
The appraisal is for no purpose other than property valuation, and the appraiser is neither qualified nor attempting to go beyond that narrow scope. She will view the house and will ask questions about it, but she does not perform a detailed inspection as would a home inspector, building inspector, or construction expert. She has neither the training nor expertise to answer questions on construction or environmental problems. An expert in the field should be consulted if you have any questions on construction or environmental items. Experts should also be consulted on questions regarding lot sizes, survey matters, legal descriptions, zoning, and other legal and governmental regulation aspects. The appraisal report contains a detailed description of the assumptions and limitations of the appraisal, and this section should be read and thoroughly understood before you rely on any information given in the appraisal report. Please call us if you have any questions about a specific report.
