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How does a Home Inspection Affect Appraisal?

There are many steps when buying a home,  One of the most important parts the transaction is the home inspection and appraisal.

New buyers might confuse the two and it’s understandable. However, they are separate services.

What are the main differences between Appraisal and Home Inspection?

  • A home appraisal is when a real estate appraiser walks through the home and around the grounds of the property.

The appraiser will take measurements both inside and out,  will make notes about general attributes of the neighborhood, and confirm the property’s address and location.

Then the appraiser will look for “comps,” similar comparable homes that have sold in the last 90 days to then compare with the home under contract.  Appraiser will determine whether the price the seller is asking for is within range. 

  • A home inspection, on the other hand, performs an entirely different service. Its job is to uncover any issues with the home, issues both the buyer and seller should be aware of.

    Examples would be roof issues, moisture conditions, mold infestation, foundation and roof problems, plumbing and electrical problems.

    ​Once the problems are uncovered, if there are any, the seller can fix them or negotiate further with the buyer on the price.

Is a home inspection a to do list?

Since sellers are not required to rectify problems listed in an inspection report, our reports are not intended to be to-do lists. Rather, they are prepared to inform both parties of any repair issues, so that the responsibility for repair can be negotiated into the sales agreement... Learn more

Ready to book your inspection?

If you are ready to book your inspection or still have more questions, we are happy to help!

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