Here is another good article from Mother Nature Network.
Here’s what you need to know to get the most out of your report.
MYTH: An appraisal is just as comprehensive as a home inspection; or, if I have a really good appraisal, it won’t be necessary to have a home inspection.
FACT: Home inspections and home appraisals are NOT the same. As ridiculous as it sounds, some homeowners end up assuming a comprehensive appraisal has covered all the bases. But Goldstein says, “ASHI’s general accountability office conducted a survey and found a vast majority of people — more than 20 percent — were under the impression they had a house inspection when, in fact, all they had was an appraisal.”
Sometimes they get this impression from real estate agents. Even if your real estate agent recommends a home inspection, Goldstein warns consumers to seek an independent assessment because of the conflict of interest. “Real estate agents, even buyer’s agents, are obligated to cater to the interests of the seller.”
Read More Here….
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