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

The role of a real estate appraiser and an inspector are both important in the residential real estate transaction process in Virginia. While they share similarities, they also have many key differences. A real estate appraiser is a professional responsible for determining the market value of a property. They will inspect a property and then compare it to similar nearby properties to determine an accurate estimate of its value in the current market. Appraisers are required by law to hold a license and are also monitored by the state. An inspector is a professional who checks a home for potential problems. They will inspect the condition of the house, plumbing, wiring, and other systems to make sure everything is working properly. Inspectors will provide a detailed report with findings and recommendations for any issues they uncover. An inspector is not required to hold a license, but most states require companies to abide by a set of standards and inspections are usually completed by certified or licensed professionals. In summary, the difference between a real estate appraiser and an inspector is that an appraiser determines the market value of a property while an inspector checks for any potential problems in the home. Both professionals have important roles in the residential real estate transaction process in Virginia.

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

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