Difference between an Appraisal and an Inspection

Dealing with appraisals and inspections are a big part of the stress in the home selling process. Both are used to evaluate the value of your home. One for the lender (Appraisal) and the other for the buyer (Inspection). Each property has its own unique features. The appraisers relies on many factors. Their experience, knowledge of the area, recent sales in the area , size and condition of the home and location. They consider damage to the property ( damaged flooring, old or not working appliances, broken windows and doors and damaged roofs etc.) Federal law requires states to have minimum standards and licensing practices for real estate appraisers. If the buyer is applying for a Federal Housing Administration (FHA) mortgage the appraiser must survey the physical condition of the home and disclose potential problems to the buyer. They have no obligation to inform the buyer if it is not a FHA Mortgage.

An appraisal can never be a substitute for a home inspection. The appraiser formulates his or her opinion of the property’s value for whoever the lender is, their primary focus is on the value of the home and how they see it. The appraiser’s primary goal is to protect the lender not the seller or buyer.

The Home Inspector educates the buyer about the condition of the home and its major components. The Home Inspector looks at a home’s condition as it is right now and what future problems may occur. This lets the buyer know what costly problems may be lurking. The Home Inspector’s primary goal is to protect the buyer.

If you have questions on Appraisals and Inspections or any part of the home buying process please, Don’t hesitate to Contact Me!


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