inspection inspector appraisal assessment

Appraisal, Assessment, Inspection: What’s the difference?

There are a lot of terms in real estate that are very industry specific. Whether you’re working with an agent or buying/selling on your own, it’s wise to have at least a basic knowledge of the process and terminology.

Among the terms that cause the most confusion for homeowners is home appraisal, property assessment, and home inspections. While these all involve a person coming into a home to form a professional opinion, these are done by different people and can have different results.

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  1. […] people and entities are involved when a home closing transaction takes place. The title company and appraisal company are just some of the involved parties that render payment for their […]

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