What is the difference between a real estate appraiser and an inspector?

Real estate appraisers and inspectors are important, yet different professionals in the field of residential real estate law in South Dakota. An appraiser’s job is to assess the value of a given property. They do so by gathering information about comparable properties in the area, researching public records, and examining the condition of the property. An appraiser’s opinion of value is usually used by lenders when determining the amount a buyer can borrow to buy the property. On the other hand, an inspector’s job is to evaluate a property’s condition and identify any possible safety or structural issues. Inspectors look for things like mold, pest infestations, roof damage, plumbing issues, and HVAC system problems. An inspector should also check for any code violations, so the buyer is aware of any necessary repairs or renovations that need to be made before closing. In summary, the main difference between a real estate appraiser and an inspector is that the appraiser estimates the value of a property, while the inspector evaluates the condition of the property. Both are important roles to the residential real estate law process in South Dakota, and both play an important role in helping the buyer make an informed decision.

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What is the difference between a real estate appraiser and an inspector?

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