Home Appraisal versus Home Inspection
By Bill Crawley, I'm not #1...You Are!!
(Inventure Realty Group)
Home Appraisal versus Home Inspection The mortgage settlement process, often referred to as the mortgage closing, can sometimes seem confusing and a little overwhelming. Whether you are buying a new home or refinancing an existing home, there are various fees to be paid and steps to go through. Two steps that are often confused by homebuyers are the home appraisal versus home inspection. Remember the Difference: Home Appraisal versus Home Inspection One easy way to remember the difference between an appraisal versus a home inspection is that a home inspection is for your protection. A home inspector will not estimate the value of your home. Typically, home appraisals are for lenders; home inspections are for buyers. What is a Home Appraisal? A home appraisal is a document that provides ...
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