Home Inspection vs. Appraisal: What’s the Difference?
AuthorAmanda Dodge. Date:
Finding a house and making an offer are just the starting points in the home purchase process. Once your offer is accepted, you will work with your mortgage lender on a daily basis to submit paperwork and complete the various requirements to buy a home. Even if you are a cash buyer, you will have multiple steps to complete before you are ready for the closing appointment. Two of the most important elements of the buying process are the home inspection and home appraisal. These processes help home buyers feel more confident in the properties they are purchasing while assuring lenders that the house is in good condition. If you are new to real estate, learn more about these two key items on your buying checklist. Know the difference between a home inspection vs. appraisal and how they both can help you out. What is a Home Inspection? Once a … Continued
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