If you want to buy a home, an appraisal is an essential first step, as it is a professional evaluation of the market value of the home you want to buy. An additional step is to get a home inspection, which accesses the home’s condition before finalizing the home purchase.
The National Association of Realtors (NAR) explains:
“A home purchase is typically the largest investment someone will make. Protect yourself by getting your investment appraised!"
Home Inspection
The difference between an appraisal and an inspection. MSN explains:
“In simplest terms, a home appraisal determines the value of a home, while a home inspection determines the condition of a home."
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