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Home Appraisal vs. Home Inspection

CP Home Appraisals

Isn’t a home inspection similar to a home appraisal? Not at all – an appraisal differs from a house inspection. A home inspector’s function is to study the structural, electrical, mechanical & plumbing in a home and document any problems or safety issues. Do I need a home inspection as well?

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The Automated Appraisal: Tips for a Changing Appraisal Environment

Genworth MI Blog

In many cases, this means that a person (who may or may not be an appraiser) collects information on the property via property inspection and a computer does the valuation. The person conducting the property inspection may not be licensed or have enforceable standards of practice, so the borrower experience can vary widely.

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The Automated Appraisal: Tips for a Changing Appraisal Environment

Genworth MI Blog

In many cases, this means that a person (who may or may not be an appraiser) collects information on the property via property inspection and a computer does the valuation. The person conducting the property inspection may not be licensed or have enforceable standards of practice, so the borrower experience can vary widely.