What is the difference between a home inspector and a property or home appraiser?
A home inspection involves an evaluation of the condition of the home’s heating, central air conditioning, plumbing, electrical systems, roof, attic, floors, foundation and structure at the time of the inspection. A home appraisal is the formal process of estimating a property’s value as it relates to a mortgage loan or mortgage insurance. An appraisal does not itemize defects or reflect potential problems in the home.
Related Questions
- When buying any piece of property, including modular homes, you need a licensed professional appraiser. The question then becomes, if the home is not yet built, how is it actually appraised?
- What is the difference between a home inspector and a property or home appraiser?
- Whats the difference between a Home Appraiser and a Home Inspector?
