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Lakeway Area TN Real Estate For Sale-How Is An Appraisal Different From An Inspection?

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Updated on Aug 6, 2013

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The role of the home appraiser is to provide a professional opinion, usually an estimate of market value, to be used in making real estate decisions. Typically, appraisers are employed by lenders to estimate the value of real estate involved in a loan transaction. An appraiser hired by a lender works in the best interest of their client, the lender.
A home inspection is an objective visual examination of the physical structure and systems of a house. Home inspectors are usually employed by the prospective homebuyer. A home inspector hired by a buyer works in the best interest of their client, the homebuyer.
An appraisal isn’t a substitute for a professional home inspection. The appraiser formulates an opinion of the property’s value for the lender, while the inspector educates the buyer about the condition of the home and its major components. The appraiser is primarily focused on the value of the home whereas the inspector keys in on the home’s condition with an eye toward both existing and potential future problems.
Margie Wright with EXIT Triple "E" Realty provides services for Lakeway Area TN Homes For Sale and Lakeway Area TN Real Estate For Sale to homebuyers and home sellers in Morristown, Russellville, Talbott, Jefferson City, Dandridge, Bean Station and surrounding areas.
Each EXIT office is independently owned and operated
Licensed in TN
Equal Housing Opportunity
Marcie Geffner contributed to this post
goodideazs, LLC is not affiliated with the authors of this post nor is it responsible for its content, the accuracy and authenticity of which should be independently verified.

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