The Difference Between a Home Appraisal and Home Inspection.
Both the home appraisal and the home inspection are important steps in the home buying process. For those new to the process, the difference between the two may not be completely clear.
An inspection is primarily intended to protect the prospective buyer from purchasing a home with structural defects and other major problems. The appraisal is meant to protect the lender from paying more than the house is worth.