Home inspection and appraisal basics
The inspection protects you from hidden issues. The appraisal protects your lender from overpaying. Use both to make a smart decision and keep your deal on track.
What the inspection covers
- Roof, structure, electrical, plumbing, and HVAC condition.
- Function of major systems and safety concerns.
- Optional specialty checks like sewer, pool, termite, or mold.
What the appraisal does
- Confirms market value based on similar recent sales.
- Notes condition items that can affect loan eligibility.
- Is required by most lenders for financed purchases.
Handling issues the smart way
- Prioritize safety and major system repairs over cosmetic items.
- Request seller repairs or credits based on professional quotes.
- If value comes in low, discuss options like price change, more cash, or appraisal rebuttal.