SMP: Theresa's Soap Box: Home Inspections and Appraisals

Today I'm here to chat about a question I received from a client recently: how do home inspection and appraisal relate to a mortgage? Are they required, can you skip one if you have the other...basically, what's involved there?

Home inspection:

Home inspection is pretty self explanatory. This is when you hire a licensed inspector to assess the property. They're going to look at the condition of its parts, of what they can see, the mechanics of it: so the water heater (how good is it? Is it going to last?), the plumbing, maybe the roof (how long is it going to last and how old is it?), and make assessments based on that suggestion. If they know the roof is 20 years old, they may suggest that you will need to replace it in the next 2 to 5 years. All of these changes would affect the value of the property in your eyes.


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• mortgage
• sutton
• group
• realty
• real
• estate
• services
• first
• time
• home
• buyer
• inspection
• appraisal

[SawyeScruggs]

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