Inspection is not appraisal
The appraisal supports collateral value and program requirements. A home inspection evaluates condition for the buyer. They are different jobs.
Appraisals and Property
The lender may not need your inspection, but you do
A home inspection is primarily for the buyer's protection. It can uncover visible concerns and recommend deeper evaluation before the inspection deadline expires.
Look beyond the paint
An inspector may identify concerns involving roof, plumbing, electrical, HVAC, foundation, moisture, pests, appliances, and safety.
Specialists may be needed
A general inspection can lead to roof, structural, septic, well, pool, mold, or other specialist evaluations.
Protect the deadline
Schedule promptly, read the report, and discuss repair or cancellation rights with your Realtor or attorney before contract deadlines.
Written by Marta Lillard
25+ years of mortgage experience, explained in plain English.
Mortgage Broker · First Coast Mortgage Funding · NMLS #879436 · Licensed in Florida and Georgia
Questions about your options?