I want to quickly touch on a subject that I’ve been getting a lot of questions about. We are going to examine the difference between a third-party home inspector and a home appraiser.
A third-party home inspector works only for you, the buyer. They don’t work for the seller, the lender, or the real estate company. They work for you, and they are going to do their entire inspection for your benefit. You can hire a third-party inspector, buy you are not required to.
An appraiser, on the other hand, is going to assign value to a home based on a number of factors. They are working on behalf of the buyer and their lender to determine if the home’s sale price is fair. Every home purchase that involves financing will involve an appraisal.
Here are some tips on how and why you want to select a good third-party inspector. First of all, look at their credentials. You want your inspector to be certified, and it also helps when they come highly recommended by a friend or your agent.
The second tip I have is to keep in mind that the inspector’s job is to point out any adverse health and safety conditions of the property, and not cosmetic flaws. I highly encourage you to attend and be present at the home inspection so you can ask any questions that might arise.
My last tip is simple. Get a third-party inspector. It’s the best investment you can make on a potential new home.
If you want more information about home inspectors, give us a call or send us an email. We would love to hear from you.