Home appraisal and a home inspection
A home appraisal and a home inspection both serve a difference purpose in the real estate purchase process. The simplest way to describe it is that a home appraisal determines the value of the home, and the home inspection determines the condition of the home.
Appraisal
Home appraisal is a process in which a professional estimates the value of a home. The appraiser will look at the home’s features and compare it to similar homes that have been recently sold in order to come up with an estimate. This is important for homeowners because it can help them determine whether they should sell their home or not. It can also help them understand how much money they might be able to get for their home if they do choose to sell.
Inspection
A home inspection is an important step in the home buying process. It is a visual inspection of the property to identify any potential problems or issues. A home inspector will look at the roof, the foundation, the windows and doors, and the interior and exterior of the house. They will also check for any signs of water damage, mold, or pests. A home inspection can help you determine if a property is worth buying or not. It can also help you negotiate a lower price on the property. If you are thinking about buying a home, be sure to get a home inspection done.
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