What's The Difference Between A Home Inspection And A Home Appraisal?

If you are looking to purchase a home here in Florida then you should know the following!

A home inspection and an appraisal are both important processes involved in the purchase or sale of a property, but they serve different purposes.

A home inspection is a thorough examination of a property's condition, systems, and components by a professional inspector. The purpose of a home inspection is to identify any issues or defects that may need repair or replacement. A home inspection is usually requested by a buyer before purchasing a property and is meant to give them a better understanding of the condition of the property they are buying. A home inspection report will detail any defects or potential problems found, allowing the buyer to negotiate repairs or a lower purchase price with the seller.

On the other hand, an appraisal is an evaluation of a property's value by a licensed appraiser. The purpose of an appraisal is to determine the fair market value of a property based on its location, size, condition, and other relevant factors. An appraisal is usually required by a lender before approving a mortgage loan to ensure that the property is worth the amount of the loan. The appraiser will provide an appraisal report, which details the property's value and the reasoning behind it.

In summary, a home inspection focuses on the condition of a property, while an appraisal focuses on the property's value.

Melanie is a North East Florida REALTOR® with Engel & Volkers. She loves NE Florida, houses, and helping clients buy and sell real estate.

Schedule a call with me - go to the IC link above
Call/text me if you are looking to buy / sell a home in Jacksonville, St Johns County or anywhere in North East Florida.
📞 904.494.8432
License ID: SL3270783

SUBSCRIBE to this channel if you want to learn about real estate!

FOLLOW MELANIE! 📱
Click the links above to see me on my socials


DISCLAIMER: All content provided on Melanie Escalante Realtor YouTube channel/social media platforms is for informational/entertainment purposes only. The owner of Melanie Escalante Realtor makes no representations as to the accuracy or completeness of any information on this site or found by following any link on this site. Information provided is subject to change, please consult Melanie directly or another licensed real estate agent to receive the best expertise for your specific situation.
The owner of Melanie Escalante Realtor will not be liable for any errors or omissions in this information nor for the availability of this information. The owner will not be liable for any losses, injuries, or damages from the display or use of this information.