Whats the difference between a Home Appraiser and a Home Inspector?
Appraisers only determine the market value of property. They will walk through the property to get a general sense of condition and selling features of the house. They will compare that house to similar properties in the market, adjust the price to compensate for features of the comparable properties, and determine a fair market price. They cannot discuss their conclusions with the buyer and submit their opinions to the lending institution. They usually spend half an hour or less viewing the home. Inspectors perform a complete physical inspection of a home and check the working function of the building systems and components. They compare the home to standardized safety and building practices. Inspectors write an individualized report specifying defects, maintenance issues, and potential safety hazards that is delivered directly to the buyer. Inspectors usually encourage the buyer to participate in the inspection and freely discus their findings with the home buyer. Inspectors typicall
