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What is the difference between a home inspector and a home appraiser?


Next Question

Answer: Home inspectors don’t judge the value of a home.
TnT Home Inspections
Answer: An appraiser gives an opinion on value, where an home inspector inspects the property for defaults.
AEXACT APPRAISAL COMPANY
Answer: The real estate appraiser’s visit could be better referred to as a “walk-through,” rather than an inspection. During this quick walk-through, the home appraiser is looking for obvious issues that may affect the value of the home. The walk-through also serves to verify information on file for the home (number of bedrooms, physical address, etc.). It’s important to note that the appraiser’s visit is only one part of the property valuation. The appraiser will also research the sales of comparable homes to compile a final report on the fair market value of the home, to be provided to the lender The home inspector’s inspection will be a much more detailed process, lasting two to three hours for a typical home. While some issues a home inspection might turn up could affect the value of a home, the main purpose of the inspection is to help the buyer assess risk. Some defects may be cosmetic, other problems could be more serious, requiring costly repairs to protect a homeowner’s investment.
Louisiana Direct Home Buyers, LLC
ProMatcher
Answer: An inspector is testing the performance, functionality and safety of a home. An appraiser is assessing the value of the home in comparison to like homes in the area.
Heritage Inspectors
Answer: Home Inspectors inspect the home and all essential systems in the home. They inspect for proper functionality and safety. Home Appraisers provide you with a value on what the property is worth.
Moran Property Inspections
Answer: Home appraisers deal with accessing value and home inspectors find deficiencies.
Spotlight Home Inspection L.L.C.
ProMatcher
Answer: An Appraiser is there only to set the market value for the home. A home inspector will look for major defects and safety issues related to the property.
Reality Property Inspections
Answer: A home inspector inspect the property for potential repairs or inadequacies. The Home Appraiser observe the property to determine its current market value.
Residential Appraisal Associates
Answer: Both are opinions one is on condition of the other is on value in the market of neighborhood.
North State Inspections
ProMatcher
Answer: Home inspectors evaluate the condition of the home Appraisers evaluate the market value of the home.
Certified Inspectors, LLC
Answer: A home inspector lets the buyer know of any defects found and an appraiser lets the owner know of the value of the home.
Royalty Home Solutions, Inc
Answer: Home inspectors will inspect the working functions of a property. Home appraisers will assess the market value of a property, according to their methods.
Ron Rodgers- Ryan Real Estate
ProMatcher
Answer: A home inspector deals with the structure itself, and the soundness of the dwelling. An appraiser deals with the value of the bundle of right, called real estate, which includes the dwelling and the site the dwelling sits on.
Home Town Appraisals
Answer: the appraiser works to comprise a fair market value for a particular subject property. Although they can and should be aware of conditions affecting a homes value they are not an inspector. A general home inspector is their to advise a buyer of the homes condition and state of repair not the value.
KF Home Sales @ Quality First Real Estate Group
Answer: A home appraiser is attaching a $ value to a home. A home inspector is just looking for deficiencies.
Buckeye Inspection Services
ProMatcher
Answer: an inspector find's problems with home and appraiser gives value of home
Huskey Home Inspection, LLC
Answer: inspectors do not give value figures or pricing
Thomas Property Services llc
Answer: A home inspector inspects the home for possible problems and a home appraiser appraises the value of the home.
BurCan Dynamics LLC
ProMatcher
Answer: Cost of the house, functions and safety of the house
Allied Services Home Inspection
Answer: Home Inspector identifies defects in components of house. Appraiser determines value of house.
Millyard Home Inspection
Answer: A home inspector examines a home to detect defects. An appraiser examines the home and compares to others of similar size, etc. to determine the appraised value of it.
Contractors Corp.
ProMatcher
Answer: One inspects for material defects and one determines dollar value of the home
Ray Inspection Services Corp
Answer: One determines condition, one determines value.
Brewer Contract Consulting
Answer: Inspector checks for defects and safety. Appraisers put a monetary value on the house.
TKO Home Inspections, LLC
ProMatcher
Answer: A home inspector is going to look at the operational components of the home and the overall condition of the systems incorporated with the home. A home appraiser uses recent sales and trends in a neighborhood to determine the worth of the home.
Look First Homes, LLC
Answer: Oh my goodness this one comes up all the time! So I am glad you asked :) A home INSPECTOR is hired by you (the buyer, typically), is paid by you and works for you. The home inspector is usually a generalist who knows a little bit about a lot of things. They typically look for major defects (in areas I call the the "Big 5": HVAC, Electrical, Roof, Foundation & Plumbing) and if they see something suspect they will recommend either assessment or addressing by a licensed contractor in that area. I will often suggest my Sellers have a pre-listing home inspection to discover and address any potential issues. A home APPRAISER is hired by your lending institution, paid by you in some way in the process and works for the bank. The appraiser is an independent 3rd party hired by the lender to ensure your new home is worth at least the asking price. As lenders have most of the interest in a property, it behooves them to make sure the property is worth what the contract says it is.
John L. Scott - Lacey
Answer: The home inspection looks for roof, electrical, plumbing, wind mitigation, this are things related to the cost of insurance and items to look for when buying a home, an appraisal observes any violation of added sq.ft.condition of the property, interior and exterior,researches property data, searches for available comparable sales and arrives at an opinion of value for the purpose of the appraisal order.
A Q Appraisals
ProMatcher
Answer: An appraiser appraises comparable valve. A home inspection appraises the condition of the home
KJ Wood Home Inspections
Answer: Home inspectors check ever aspect of the home. Appraisers only place a value to the home
At Ease Home Inspection
Answer: A home inspector checks the house for defects and if its up to code, The home appraiser estimates the value of the home.
Coldwell Banker residential Brokerage
ProMatcher
Answer: A home inspector is hired to inspect the home for any issues or repairs that need to be corrected. A home appraiser determines the value of the home for financing.
BeBe's Beauty (Jeunesse Global)
Answer: Home inspectors inspect the all of the physical attributes of a property, i.e., furnace, attic, plumbing, electric, roof, etc., and prepare a report that identifies any repairs needed or any other physical issues. An appraiser does not do home inspections, but prepares a market value appraisal based on the location of the property, its square footage, bedrooms, baths, age, style, condition, etc., and selects recent property sales to compare it to.
V.A. Solano & Associates, Inc.
Answer: One makes sure it all works like it is supposed to, the other determines the value.
RE/MAX Realty Group
ProMatcher
Answer: Home appraiser does market value, home inspector inspects the house.
The Inspection Boys
Answer: An Inspector never establishes a value for the house, or repairs for that matter. They provide an overview of the condition of the structure and and various components of the house and recommend where further inspection by specialist is needed. An appraiser establishes a value, but not the condition of the various components of the house.
Allen Tate Companies
Answer: A home inspector is optional when buyer or selling a home. A inspector looks for issue with home and give the homeowner a report with items of concern with the home. Let me add an inspector is not a Contractor. A inspector may see a concern ask that it looked at in more detail by a GC who can verify if there is really an issue. A HOME APPRAISER, his hired by the bank, and works for the bank to verify that the home is really worth what the contract says. Based on the appraisers opinion, a home value is set. Keep in mind, that an a Appraisal is just an opinion on which the bank relies . Appraisal can be different, not all appraiser value home the same and may use diffent comparable to determine the home
Myra Strickland Real Estate at KW
ProMatcher
Answer: An appraiser is usually hired by a lender to determine if the home is worth the contract price; the inspector is hired by the buyer to determine if the underlying condition of the home is acceptable to the buyer's standards.
Rodeo Realty
Answer: Home appraiser estimates the value of a home. A home inspector looks for latent and structural defects.
Ray REI
Answer: A General Home Inspection FOR A BUYER OR A SELLER is a non-invasive, visual examination of the accessible areas of a residential property which is designed to identify problems (defects) within specific systems and components defined by the InterNACHI Standards of Practice that are both observed by the inspector and deemed notable (material) because they may affect the value the property. An an appraiser determines the specific value of a home. A home inspection is NOT an appraisal and does NOT determine the value of a home. ( Though your inspector will be looking for problems that may have a significant, adverse impact on the value of the property, or that poses an unreasonable risk to people, the items mentioned in the home inspection report may or may not affect the value of a home. There are many variables that affect the value of a home that are not related to the home inspection. )
Home Inspection Solutions
ProMatcher
Answer: An appraiser estimates the value of a home (with respect to the market value of other homes in the neighborhood) whereas a home inspector evaluates the physical condition of a single home.
J. Michael Simon, LLC
Answer: A home inspector performs a visual inspection to ensure that the property is functional and safe. An appraiser assists the lender in determining the value of the property for the purpose of securing a mortgage.
Rightway Residential Home Inspections
Answer: EVERYTHING! An Inspector is hired to tell a consumer/buyer the condition of the home you are purchasing. An Appraiser is hired by the Lender to make sure it is a mechanically & structurally FUNCTIONAL home and report the market value of the home.
Reece Nichols-Mary Wilcox
ProMatcher
Answer: A home inspector should have construction, maintenance and housing experience. A home inspector performs a thorough evaluation the condition of all visible areas and components in the home and on the property in order to provide the buyer with state of repair and cost information needed in order to make an educated investment decision. Also, a home inspector does not consider market value. By contrast, an appraiser, while considering the general condition of the property, establishes the market value of the property.
Nicholas Home Inspection & Maintenance, Inc.
Answer: Inspector investigates an appraiser determines the worth of structure
CLEAR POINT HOME INSPECTIONS LLC
Answer: Home Inspector will report on condition while an Appraiser will determine market value
A Better Choice Home Inspection, Co
ProMatcher
Answer: Appraiser inspection is a required by lender in order to approve a loan and if any repairs are required must be completed and a reinspection performed. A home inspection is to serve as a peace of mind for the buyer that the home is in good condition and if any repaires are required it is negotiated in good terms between the buyer and seller.
Re/Max Elite Realty
Answer: An inspector is looking for everything that is wrong with the house, even minor details. An appraiser is just trying to find the value of the home.
Cutler Real Estate
Answer: A Home Inspector Observes the homes general condition, An Home Appraiser assess the approximate value of the home.
Doyle Wayne General Services
ProMatcher
Answer: One reports detailed on condition and the other values the home.
Accurate Appraisals USA
Answer: appraisal is for the purpose of determining current market value, and the inspection is used to identify any issues with the condition of the home.
A Balance Home Inspection
Answer: A home inspector inspects the subject property's mechanical systems to determine if they are in good and working condition. An appraiser's does a complete visual inspection of the subject property and surrounding neighborhood for the purpose of estimating fair market value. which includes measuring the exterior walls of the subject property and confirming that all mechanical systems are in place and functioning properly and taking into account any other amenities that would have an effect on the market value.
buelow appraisal service
ProMatcher
Answer: The appraiser formulates an opinion of the property's value for the lender, while the inspector educates the buyer about the condition of the home and its major components.
Eagles Eye Home Inspection,LLC
Answer: Home inspector will look for problems and the home appraisal will give your home a market value
One Way Home Inspections
Answer: Home Inspector checks the "vitals" of the home- roof, electric, termites, plumbing, etc. Home Appraiser develops an "opinion" of value of the home in today's market usually for a banking institution
Prudential Florida Realty
ProMatcher
Answer: An appraiser is hired by a bank to value the home. An inspector evaluates the homes condition.
Saunders & Associates
Answer: A home inspector checks the condition of a home, and an appraiser checks the value.
Clearview Home Inspections Eccl.9:10
Answer: Inspector inspects property for a variety of working and non working or damages, an appraiser determines the value of the property
S.O.C.
ProMatcher
Answer: Home inspector = Property condition Home Appraiser = Home value
Realty World South Florida
Answer: Inspector is about CONDITION. Appraiser is about VALUE. Night and day! This is one more reason that expert Realtor / Broker opinions matter.
Keller Williams Realty
Answer: Inspectors give an unbiased assessment of the home. An appraiser gives a monetary value of the home.
Spire Home Inspection
ProMatcher
Answer: Home Inspector is Checking all operatoring components of a home from the ground, including the footing to the roof of the home, A Home Appraiser is evaluating the present state of the home such as cosmetics of a home, surrounding area of the home etc.
OnSite Home Inspection, LLC
Answer: Home inspector is called to evaluate the entire house for defincencies and safety hazards as appraisal is called to evaluate how much the house is worth
All Season Home Inspections
Answer: Home inspector does a visual evaluation of the condition of the home and its components. A Home Appraiser does a evaluation of the value of the home
Superior Home Inspection Services LLC
ProMatcher
Answer: one appraises values other inspects for problems
G M M Property Inspections
Answer: Appraiser sets the value Inspector looks for defects
MJL Home Inspectors
Answer: A home inspector will do an inspection on your home to let you know what is needed in the home for repairs, he also looks at the maintenance of the mechanical, electrical and structural parts the home. A home appraiser is looking at the value of the home and the condition of the home as it is for you to get a fair market value.
EA Realty LLC
ProMatcher
Answer: condition vs market value
Adam & Eave Properties, Inc.
Answer: Inspectors report the condition of the property at the time of the inspection and an appraiser reports the value of the property.
iInspect
Answer: A home appraiser determines the value of the home, where a home inspector determines the overall condition of the home
JKM Home Inspections
ProMatcher
Answer: physical vs value
LandPro Real Estate, Inc.
Answer: A home inspector, goes through a home with a fine tooth comb, making sure everything is in working order, everything is in safe condition, any safety hazards/concerns, what needs replacement, overall condition the house is in. An appraiser compares the home to other similar homes in the area to determine its salable worth.
Coldwell Banker
Answer: Inspector is for checking for any unforeseen issues with the property. appraiser is for the value.
Rick Steiner & Associates
ProMatcher
Answer: Inspector is tasked with finding mechanical/structural issues Appraiser is tasked with determining property value
Re/Max Metro Realty
Answer: In general, a home appraiser will provide a market value for the property, while the home inspector inspects the property for compliance with building codes. The home inspector does not provide a $ value. The appraiser and home inspector have different training and knowledge requirements for licensing.
Regina Heising-Certified Res. Appraiser
Answer: A home inspector is hired to identify any deficiencies with the home. A home appraiser determines the appropriate market value of the home.
MJ Services
ProMatcher
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