Is an Appraisal a Home Inspection?

Real Estate Sales Representative with The Pam Martin Team



Inspection VS. Apraisal


Property Appraisal VS. Home Inspection


Many people wonder about the difference between a property appraisal and an inspection, and how each is used during the home buying process.


An appraisal is a formal assessment of the value of the home or property.

When you are financing a property, the lender will typically need an appraisal to determine the value of the home to insure the loan amount does not exceed the actual value. Some appraisals depending on the type of loan may be some what more in depth. My experience  with buyers that may be purchasing a home using VA Financing I have noticed that VA Appraisals are very detailed and may notice more than others.



An inspection of the home is to determine the condition of the structure and systems of the property.

The inspection is almost always paid for by the buyer to determine if any problems exist with the home. Your agent should always include this in your Sales Contract.


As an experienced agent I will also keep an eye out for any conditions that I feel could possibly be a lender condition and let the buyer know ahead of time.


I would be happy to discuss your options and show you what homes are available in Fredericksburg, Stafford and surrounding areas in Virginia.



Lets get started today give me a call 540-834-6924. Get a proactive approach and find your dream home with The Pam Martin Team



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Comments (2)

Sandra DeVargas
Real Estate Associate Broker - Buffalo, NY
The DEVARGAS Team at WNY Metro Roberts Realty

Pam, great explication, I think we have all been asked the same question

Oct 08, 2013 10:11 PM
Pam Martin
The Pam Martin Team - Fredericksburg, VA
Fredericksburg Short Sale Specialist

Thank you!


Oct 10, 2013 03:03 PM