Home Inspection vs Appraisal | Key Differences Every Buyer Should Know Before Closing | Tierra Hensley
🏡 Home Inspection vs Appraisal: Key Differences Every Buyer Should Know Before Closing 🔑
Buying a home is exciting, but there are important steps you need to take before closing to ensure everything goes smoothly. Two of the most critical processes are the home inspection and the appraisal—but do you know the difference? 🤔💼 Join Realtor Tierra Hensley as she walks you through what each process involves and why they are both essential for homebuyers! 🏠✨
👷♂️ Home Inspection 🛠️
A home inspection is a thorough evaluation of the home’s condition. 🚪 From the roof to the foundation, an inspector checks for issues with plumbing, electrical systems, HVAC, and much more. 🔍 This gives you a clear picture of any repairs or maintenance the home may need before you move in. 🏚️
✨ Why it’s important: Discover hidden problems before they become costly surprises! 💡
💰 Appraisal 💵
An appraisal, on the other hand, is all about determining the home’s market value. 📊 A licensed appraiser evaluates the property, comparing it to similar homes in the area to estimate its worth. 💸 Lenders require an appraisal to ensure the home is worth the loan amount being requested. 🏦
✨ Why it’s important: It protects you from overpaying for a home that may not hold its value. 🏠📉
🎯 In this video, Tierra Hensley explains:
✅ The purpose and process of both inspections and appraisals 🔎💼
✅ How they affect your ability to close on the home 🏡🗓️
✅ Common issues found in inspections (and how to negotiate them!) 🛠️⚠️
✅ How appraisals impact your mortgage approval 💰🏦
✅ What you need to know to avoid delays in closing! ⏳🚪
💡 Why Both Matter Before Closing
While inspections protect you from buying a home with hidden defects, appraisals protect your investment and ensure you’re not overpaying. Knowing the difference between these two crucial steps will help you make informed decisions and negotiate the best deal! 🤝📋
✨ Tips from Tierra Hensley:
🔹 What to ask your inspector
🔹 How to prepare for the appraisal process
🔹 When to negotiate repairs or price adjustments
📲 Watch this video now to become a more informed buyer and avoid surprises before closing! Get expert insights from Tierra Hensley and take control of your home-buying journey. 🏡🎯
🔔 Subscribe for more real estate tips, buyer guides, and insider info from Tierra!
🔗 Relevant Links:
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https://www.linkedin.com/in/tierrahensleyrealtor/
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