Appraisal vs. Inspection

Appraisal vs. Inspection

Many homeowners confuse appraisals with inspections, but they serve different purposes. An appraisal determines a property's value, while an inspection assesses its condition.

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Key Differences

Appraisals focus on market value, while inspections look for issues that may need repair. Understanding these differences is crucial for homeowners.

Knowing the distinction can help you navigate the buying or selling process.

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Conclusion

Both appraisals and inspections are important, but they fulfill different roles in real estate transactions.