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Is an appraisal identical to a home inspection?

April 26, 2017appraisal home inspection identical

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Is an appraisal identical to a home inspection?

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An appraisal is not a substitute for a professional home inspection. The appraiser formulates an opinion of the property’s market value for the lender in a typical transaction (Purchase or Refinance), while the home inspector educates the buyer about the condition of the home and its major components. For a referral of an inspector in your area, visit www.ashi.