Appraisal vs Inspection
Appraisals and inspections both happen after an offer is accepted, but they serve very different purposes. Understanding the difference helps buyers know what each step is meant to protect.
What an Appraisal Is
An appraisal estimates the value of the home.
It is typically ordered by the lender to confirm that the home is worth the amount being financed. The focus is on value, not condition.
What an Inspection Is
An inspection reviews the condition of the home.
It looks at major systems and visible issues to help buyers understand what repairs or maintenance may be needed.
Why Both Matter
Appraisals protect the lender.
Inspections protect the buyer.
Both play important roles in the transaction.
What Comes Next
Explore the Learn Hub section or try the Home Readiness Check™ to see how prepared you are for buying a home.