{"id":209145,"date":"2024-02-14T12:50:46","date_gmt":"2024-02-14T12:50:46","guid":{"rendered":"https:\/\/namso-gen.co\/blog\/does-appraisal-or-inspection-come-first\/"},"modified":"2024-02-14T12:50:46","modified_gmt":"2024-02-14T12:50:46","slug":"does-appraisal-or-inspection-come-first","status":"publish","type":"post","link":"https:\/\/namso-gen.co\/blog\/does-appraisal-or-inspection-come-first\/","title":{"rendered":"Does appraisal or inspection come first?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_62 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/namso-gen.co\/blog\/does-appraisal-or-inspection-come-first\/#Does_appraisal_or_inspection_come_first\" title=\"Does appraisal or inspection come first?\">Does appraisal or inspection come first?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/namso-gen.co\/blog\/does-appraisal-or-inspection-come-first\/#FAQs\" title=\"FAQs:\">FAQs:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/namso-gen.co\/blog\/does-appraisal-or-inspection-come-first\/#1_Can_I_skip_the_appraisal_or_inspection_when_buying_a_home\" title=\"1. Can I skip the appraisal or inspection when buying a home?\">1. Can I skip the appraisal or inspection when buying a home?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/namso-gen.co\/blog\/does-appraisal-or-inspection-come-first\/#2_How_much_does_a_home_appraisal_cost\" title=\"2. How much does a home appraisal cost?\">2. How much does a home appraisal cost?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/namso-gen.co\/blog\/does-appraisal-or-inspection-come-first\/#3_Who_pays_for_the_home_appraisal\" title=\"3. Who pays for the home appraisal?\">3. Who pays for the home appraisal?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/namso-gen.co\/blog\/does-appraisal-or-inspection-come-first\/#4_How_long_does_a_home_appraisal_take\" title=\"4. How long does a home appraisal take?\">4. How long does a home appraisal take?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/namso-gen.co\/blog\/does-appraisal-or-inspection-come-first\/#5_What_does_a_home_inspector_look_for\" title=\"5. What does a home inspector look for?\">5. What does a home inspector look for?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/namso-gen.co\/blog\/does-appraisal-or-inspection-come-first\/#6_How_much_does_a_home_inspection_cost\" title=\"6. How much does a home inspection cost?\">6. How much does a home inspection cost?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/namso-gen.co\/blog\/does-appraisal-or-inspection-come-first\/#7_Who_pays_for_the_home_inspection\" title=\"7. Who pays for the home inspection?\">7. Who pays for the home inspection?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/namso-gen.co\/blog\/does-appraisal-or-inspection-come-first\/#8_Can_a_home_inspector_estimate_the_value_of_a_property\" title=\"8. Can a home inspector estimate the value of a property?\">8. Can a home inspector estimate the value of a property?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/namso-gen.co\/blog\/does-appraisal-or-inspection-come-first\/#9_What_happens_if_the_home_appraisal_is_lower_than_the_agreed-upon_price\" title=\"9. What happens if the home appraisal is lower than the agreed-upon price?\">9. What happens if the home appraisal is lower than the agreed-upon price?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/namso-gen.co\/blog\/does-appraisal-or-inspection-come-first\/#10_Can_a_home_inspection_affect_the_appraisal\" title=\"10. Can a home inspection affect the appraisal?\">10. Can a home inspection affect the appraisal?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/namso-gen.co\/blog\/does-appraisal-or-inspection-come-first\/#11_Can_I_use_the_same_person_for_both_the_appraisal_and_inspection\" title=\"11. Can I use the same person for both the appraisal and inspection?\">11. Can I use the same person for both the appraisal and inspection?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/namso-gen.co\/blog\/does-appraisal-or-inspection-come-first\/#12_How_soon_should_I_schedule_a_home_inspection_after_an_offer_is_accepted\" title=\"12. How soon should I schedule a home inspection after an offer is accepted?\">12. How soon should I schedule a home inspection after an offer is accepted?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Does_appraisal_or_inspection_come_first\"><\/span>Does appraisal or inspection come first?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>When it comes to buying or selling a home, knowing the proper sequence of events can save you time and money. The answer to whether an appraisal or inspection comes first can vary depending on the situation.<\/p>\n<p>In general, the appraisal usually comes first in a real estate transaction. This is because the lender typically requires an appraisal to determine the fair market value of the property before approving a loan. The appraisal helps ensure that the property is worth the amount being borrowed.<\/p>\n<p>Once the appraisal is complete and the lender is satisfied with the value of the property, the inspection typically comes next. The inspection is a more thorough examination of the property&#8217;s condition, including its structural integrity, electrical and plumbing systems, and overall maintenance. The inspection helps buyers identify any potential issues or problems with the property before finalizing the purchase.<\/p>\n<p>However, in some cases, the inspection may come before the appraisal. For example, if a buyer wants to have the property inspected before making an offer, they may choose to schedule an inspection early in the process. This can help the buyer determine if there are any major issues with the property that could affect its value.<\/p>\n<p>Ultimately, whether the appraisal or inspection comes first can depend on the specific circumstances of the real estate transaction. It&#8217;s important for both buyers and sellers to understand the role of each process and how they can impact the sale of the property.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"FAQs\"><\/span>FAQs:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<h3><span class=\"ez-toc-section\" id=\"1_Can_I_skip_the_appraisal_or_inspection_when_buying_a_home\"><\/span>1. Can I skip the appraisal or inspection when buying a home?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nNo, both the appraisal and inspection are essential steps in the home buying process to protect both buyers and lenders.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_How_much_does_a_home_appraisal_cost\"><\/span>2. How much does a home appraisal cost?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nThe cost of a home appraisal can vary depending on the location and size of the property, but typically ranges from $300 to $500.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_Who_pays_for_the_home_appraisal\"><\/span>3. Who pays for the home appraisal?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nIn most cases, the buyer is responsible for paying for the home appraisal as part of the closing costs.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"4_How_long_does_a_home_appraisal_take\"><\/span>4. How long does a home appraisal take?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nA typical home appraisal can take anywhere from a few days to a week to complete, depending on the availability of the appraiser and the complexity of the property.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"5_What_does_a_home_inspector_look_for\"><\/span>5. What does a home inspector look for?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nA home inspector looks for any potential issues or problems with the property, including structural defects, safety hazards, and maintenance issues.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"6_How_much_does_a_home_inspection_cost\"><\/span>6. How much does a home inspection cost?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nThe cost of a home inspection can vary depending on the size and age of the property, but typically ranges from $300 to $500.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"7_Who_pays_for_the_home_inspection\"><\/span>7. Who pays for the home inspection?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nThe buyer is usually responsible for paying for the home inspection, although some sellers may choose to cover the cost to attract more buyers.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"8_Can_a_home_inspector_estimate_the_value_of_a_property\"><\/span>8. Can a home inspector estimate the value of a property?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nNo, a home inspector&#8217;s job is to assess the condition of the property, not determine its market value. That is the appraiser&#8217;s role.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"9_What_happens_if_the_home_appraisal_is_lower_than_the_agreed-upon_price\"><\/span>9. What happens if the home appraisal is lower than the agreed-upon price?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nIf the home appraisal comes back lower than the agreed-upon price, the buyer may need to come up with the difference in cash or negotiate with the seller to lower the price.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"10_Can_a_home_inspection_affect_the_appraisal\"><\/span>10. Can a home inspection affect the appraisal?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nWhile a home inspection may identify issues that could impact the property&#8217;s value, the appraisal is focused on determining the fair market value of the property based on comparable sales in the area.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"11_Can_I_use_the_same_person_for_both_the_appraisal_and_inspection\"><\/span>11. Can I use the same person for both the appraisal and inspection?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nIt&#8217;s generally recommended to use separate professionals for the appraisal and inspection to ensure an unbiased evaluation of the property.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"12_How_soon_should_I_schedule_a_home_inspection_after_an_offer_is_accepted\"><\/span>12. How soon should I schedule a home inspection after an offer is accepted?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nIt&#8217;s best to schedule a home inspection as soon as possible after an offer is accepted to allow time for any potential issues to be addressed before closing on the property.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Does appraisal or inspection come first? When it comes to buying or selling a home, knowing the proper sequence of events can save you time and money. The answer to whether an appraisal or inspection comes first can vary depending on the situation. In general, the appraisal usually comes first in a real estate transaction. &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Does appraisal or inspection come first?\" class=\"read-more button\" href=\"https:\/\/namso-gen.co\/blog\/does-appraisal-or-inspection-come-first\/#more-209145\">Read more<span class=\"screen-reader-text\">Does appraisal or inspection come first?<\/span><\/a><\/p>\n","protected":false},"author":53,"featured_media":107420,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86279],"tags":[],"class_list":["post-209145","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-learn","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Does appraisal or inspection come first?<\/title>\n<meta name=\"description\" content=\"Does appraisal or inspection come first? 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