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.