Can an appraisal serve as a home inspection?
An appraisal is not a home inspection in which a licensed home inspector or contractor evaluates the structure and mechanical systems (heating, plumbing, air-conditioning, etc.) of a house, from foundation to rooftop. The appraiser is typically more interested in sales prices (within the past six months) of comparable homes in the neighborhood, the exterior presentation of the property and amenities that enhance the value in that market.