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What's the Difference Between an Inspection and an Appraisal?


Beverly Hills Home Buyer Tips:


Hi this is real estate agent Erik Brown sharing with you several tips this month I had a fantastic conversation with an inspector that I spoke with recently that said, he often gets asked what the difference between a home inspection is and a home appraisal, and we get that question often when people are looking to purchase a home, and there are some particular differences to take into place when you have a home inspection, this is a review of the physical condition of the property and allows you as a homebuyer or a home seller or owner to figure out all of the things that you may want to address with that particular property and what is working correctly, there are several items with a home.


That are bigger ticket items like windows or roof or foundation or mechanicals or appliances that will be reviewed by a professional they will walk through a home for several hours and find every item that could potentially cause an issue or be of concern for you to know about that particular home where is the wear and tear etc. now the difference between a home inspection and a home appraisal is that the appraisal is more done for financial concerns it's going to take this particular property and compare it to other comparable properties that are in the area and then quote each item with that property what are the differences and what adds value via amenities like fireplaces master bedrooms extra garage stalls bigger yard a pool etc. versus what other properties have and look at like-kind condition number of bedrooms number of bathrooms the overall square footage and then make an assessment of value on the property those two differences show the different items that those vendors can then provide for you as a homeowner or as a home seller as always if you've got any questions, please feel free to get in touch with me anytime if you'd like to know the value of your home or want to know what homes are selling for enough in the area, please feel free to click on the link.


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Erik Brown

Realtor/ Broker (BRE: 01958545)

Beverly Hills: 424-239-6519

Minneapolis: 612-294-0447

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About Erik

Hilton. Rolls Royce. Versace. Chateau Rothschild.

 

These are not products or services; these are lifestyle choices. You and I can stay at any hotel, drive any car, wear any shirt, or drink wine…

But we don’t want to.

 

We want experiential luxury.

 

And you know what? You deserve it.

Luxury living is a state of mind. If you're like me, you expect the best, especially when you buy or sell a home in Los Angeles.

If you are interested in buying or selling a home and appreciate... and deserve... a luxury real estate experience, then click here. Get an idea of the differences.

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Erik Brown

DRE: 01958545

Compass

9454 Wilshire Blvd, Beverly Hills, CA 90212

Los Angeles real estate blog

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All material presented herein is intended for information purposes only. While this information is believed to be correct, it is represented subject to errors, omissions, changes, or withdrawal without notice. All property information, including, but not limited to square footage, room count, the number of bedrooms, and the school district in property listings should be verified by your own attorney, architect, or zoning expert. Equal housing opportunity

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BRE #: 01958545