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

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Home appraisals are a vital component of mortgage lending. See how the appraisal. Home Inspection: What’s the Difference?. appraisal fees range between.

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Most of us will have a real estate appraisal done at some point in our property-owning lives, and yet, as common as that experience is, there are many misconceptions about what an appraisal is.

As you can see, there is a distinct difference between a home appraisal and home inspection. Both are crucial when going through the mortgage process. Both offer a more clear and objective assessment of your home, which allows one to improve its overall quality for the highest price.

The home inspection is a professional opinion by a home inspector of the property’s condition. It is an independent, unbiased visual review and report on a home’s systems, components and conditions. Evaluation. A home evaluation is like a home inspection and an appraisal combined.

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