Home appraisal vs. Home inspection: What is the difference?
A home appraisal, also known as a valuation, and a home inspection are two of the most common conditions that must be met before closing a property sale. And yet they are also two of the most commonly confused conditions....
A home appraisal, also known as a valuation, and a home inspection are two of the most common conditions that must be met before closing a property sale. And yet they are also two of the most commonly confused conditions.
They may seem similar but are completely different in purpose and scope.
Let’s review each of them. What are they, and why are they important?