Alliance Home Inspections, Inc - Inspection / Appraisal -

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Inspection / Appraisal

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Inspection / Appraisal

Inspection vs. Appraisal Do I need a home inspection when my bank is having the home appraised? Yes! An appraisal is an independent evaluation of the current market value of a house or property. In general, the purpose of an appraisal is to set the current value of the property, so a lender may determine the value of the property. A home inspector conducts a thorough evaluation of the home’s major systems and structural integrity. Then the home inspector provides you the identifying items needing replacement or repair prior to closing, which can save you hundreds to thousands of dollars.

U.S. Department Of Housing And Urban Development (HUD) requires buyers sign a Consumer Notice advising them to get a house inspection in addition to an appraisal before purchasing a home with a FHA mortgage. Additionally, HUD now allows homebuyers to include the costs of appraisal and inspection in their FHA mortgage.

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Alliance Home Inspections, Inc
217 Fairbrook Lane
Stockbridge, GA 30281
Telephone: 770-914-9092
Email: ben@weexamine.com