What’s the Difference Between a Home Appraisal and a Home Inspection? » Mortgage Masters Group

The most fundamental difference between a home inspection and a Federal Housing Administration (FHA) appraisal/inspection is whom it is meant to assist. FHA inspections are conducted by FHA.

Approximate date of commencement of proposed sale to the public: As soon as practicable after the effective date of this registration statement. If any of the securities being registered on this Form.

What Is The Difference Between An Appraisal And A Home Inspection? April 25 2017 Posted by Despite the crucial role they play in ensuring properties are fairly priced, there is a distinct lack of awareness around the processes followed in carrying out an appraisal.

While they may seem like the same thing, appraisals and inspections serve two completely different purposes. A home inspection is optional, while an appraisal is required by the mortgage lender. An appraiser is more concerned with the value of the property, and a home inspector is more concerned with the condition of the property.

A home inspection is primarily intended to protect the prospective buyer from purchasing a home with structural defects and other major problems. The home appraisal is meant to protect the lender from paying more than the house is worth.

When buying a home, it can seem like there is an endless checklist to complete before you finally get the keys. An appraisal and a home inspection are usually on that list, and if you’ve never gotten either one before, they can seem like pretty much the same thing.

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http://FolsomGraniteBayRealEstate.com What is the difference between a home inspection and a home appraisal? evangeline Scott of Big Valley Mortgage and Pam.

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Home Appraisal vs Home Inspection. The difference comes in when you have an appraisal. A home appraisal is required if you will have a mortgage on the home. The appraisal is there for two reasons, for one, the bank wants to make sure that the house that they’re lending on is worth the amount that you’re buying it for.