Appraisal vs Inspection: Key Differences Every Homebuyer Should Know

A man with a clipboard inspects a wall, likely during a home inspection or appraisal

Key takeaways An appraisal determines a home’s fair market value, while an inspection evaluates its condition. Lenders require appraisals for mortgage approval, but inspections are optional (though highly recommended). Appraisals protect lenders, while inspections protect buyers. Both help buyers make more informed, confident decisions when purchasing a home. Buying a home comes with plenty of […]

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