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What is the difference between a home inspection and an appraisal?

  • Writer: Bob and Kathy Parmenter
    Bob and Kathy Parmenter
  • Jan 30, 2023
  • 1 min read

Updated: Aug 27, 2023

Purpose: A home inspection evaluates the condition of a property, while an appraisal determines its value.


Conducted by: Inspections are usually performed by a home inspector, appraisals by a licensed appraiser.


Factors considered: Inspections consider the property's physical condition, while appraisals consider the property's value based on recent sales of similar homes and market conditions.


Used for: Inspections are typically required for home purchases, appraisals for mortgage lending and property tax assessments.

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