Appraisal vs. Inspection: THEY ARE NOT THE SAME THING 👀 An inspection tells the buyer what’s going on inside the home (foundation, roof, plumbing, electrical - the works). It gives you time to negotiate based on possible defects found. An appraisal tells the lender what the home is worth based on comparable properties in the area. One protects the bank’s investment, the other protects yours 🏡💡 🎯 Pro tip: skipping your inspection or confusing the two could cost you big down the line. #LemonRi
Appraisal vs. Inspection: THEY ARE NOT THE SAME THING 👀 An inspec…
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FacebookKate-Lynn Holley II the Lemon Rice Realtor
Did you know an FHA "inspection" isn't really an inspection? I hear this mistake all the time — and it can cost buyers thousands. Here's the deal: FHA requires an appraisal, not a full home inspection. An appraisal checks value for the lender and looks at a few safety basics like working heat, utilities, handrails, or peeling paint. But it does not check the roof, foundation, plumbing, or electrical in detail. That's why you need a full inspection by licensed professionals. General inspection, r
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