appraisal defined: Inspection Vs Appraisal - What is the Difference?
- 04/20/23 08:41 PM
If you are buying a home, an inspection is an important step in the process. It assesses the condition of the home for you so that you can make an informed decision about whether to move forward in your purchase. Your inspector will identify major issues, such as a leaking roof or a cracked heat exchanger. Your inspector will also tell you how to maintain your home. IT IS NOT A STEP TO SKIP! An inspection also a different step in the homebuying process from an appraisal. The appraisal is a professional evaluation of the market value of the home you’d … (10 comments)
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appraisal defined: Do You Speak Mortgagese? Terms to Know When Applying for a Mortgage
- 01/12/21 06:58 PM
Congratulations! You are taking the first steps to changing your life by buying a home. If you’re buying a home, you are probably applying for a mortgage. Unless you’ve been involved in a home sale before, there are many things you will be learning about for the first time - and lots of words that you have never heard before. Don't worry! Nearly everyone feels like a stranger in a strange land when they apply for a mortgage. To make it a little easier, here is a handy list of some of the key terms that every person involved in a … (27 comments)
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If you are buying a home, an inspection is an important step in the process. It assesses the condition of the home for you so that you can make an informed decision about whether to move forward in your purchase. Your inspector will identify major issues, such as a leaking roof or a cracked heat exchanger. Your inspector will also tell you how to maintain your home. IT IS NOT A STEP TO SKIP! An inspection also a different step in the homebuying process from an appraisal. The appraisal is a professional evaluation of the market value of the home you’d … (10 comments)
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