{"id":209360,"date":"2024-01-31T20:19:15","date_gmt":"2024-01-31T20:19:15","guid":{"rendered":"https:\/\/namso-gen.co\/blog\/does-inspection-or-appraisal-come-first\/"},"modified":"2024-01-31T20:19:15","modified_gmt":"2024-01-31T20:19:15","slug":"does-inspection-or-appraisal-come-first","status":"publish","type":"post","link":"https:\/\/namso-gen.co\/blog\/does-inspection-or-appraisal-come-first\/","title":{"rendered":"Does inspection or appraisal come first?"},"content":{"rendered":"<p>When buying or selling a home, there are several steps in the process that need to be carefully navigated to ensure a smooth transaction. Two of these steps involve the inspection and appraisal of the property. While both are essential components of the home buying process, the question often arises: does inspection or appraisal come first?<\/p>\n<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-inspection-or-appraisal-come-first\/#Does_inspection_or_appraisal_come_first\" title=\"Does inspection or appraisal come first?\">Does inspection or appraisal 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-inspection-or-appraisal-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-inspection-or-appraisal-come-first\/#1_What_is_a_home_inspection\" title=\"1. What is a home inspection?\">1. What is a home inspection?<\/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-inspection-or-appraisal-come-first\/#2_What_is_a_home_appraisal\" title=\"2. What is a home appraisal?\">2. What is a home appraisal?<\/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-inspection-or-appraisal-come-first\/#3_Why_is_it_important_to_have_a_home_inspection\" title=\"3. Why is it important to have a home inspection?\">3. Why is it important to have a home inspection?<\/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-inspection-or-appraisal-come-first\/#4_How_long_does_a_home_inspection_take\" title=\"4. How long does a home inspection take?\">4. How long does a home inspection 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-inspection-or-appraisal-come-first\/#5_How_much_does_a_home_inspection_cost\" title=\"5. How much does a home inspection cost?\">5. 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-8\" href=\"https:\/\/namso-gen.co\/blog\/does-inspection-or-appraisal-come-first\/#6_What_happens_if_the_home_inspection_reveals_issues\" title=\"6. What happens if the home inspection reveals issues?\">6. What happens if the home inspection reveals issues?<\/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-inspection-or-appraisal-come-first\/#7_Why_is_a_home_appraisal_necessary\" title=\"7. Why is a home appraisal necessary?\">7. Why is a home appraisal necessary?<\/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-inspection-or-appraisal-come-first\/#8_How_long_does_a_home_appraisal_take\" title=\"8. How long does a home appraisal take?\">8. 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-11\" href=\"https:\/\/namso-gen.co\/blog\/does-inspection-or-appraisal-come-first\/#9_How_much_does_a_home_appraisal_cost\" title=\"9. How much does a home appraisal cost?\">9. 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-12\" href=\"https:\/\/namso-gen.co\/blog\/does-inspection-or-appraisal-come-first\/#10_Who_pays_for_the_home_appraisal\" title=\"10. Who pays for the home appraisal?\">10. 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-13\" href=\"https:\/\/namso-gen.co\/blog\/does-inspection-or-appraisal-come-first\/#11_Can_a_home_appraisal_be_waived\" title=\"11. Can a home appraisal be waived?\">11. Can a home appraisal be waived?<\/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-inspection-or-appraisal-come-first\/#12_Can_a_seller_request_their_own_appraisal\" title=\"12. Can a seller request their own appraisal?\">12. Can a seller request their own appraisal?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Does_inspection_or_appraisal_come_first\"><\/span>Does inspection or appraisal come first?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><b>The answer is that the inspection typically comes before the appraisal.<\/b> <\/p>\n<p>Inspections are typically completed early in the home buying process to identify any potential issues with the property that may impact its value or safety. Once any necessary repairs or negotiations have been made based on the inspection findings, the property can then be appraised to determine its fair market value.<\/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_What_is_a_home_inspection\"><\/span>1. What is a home inspection?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nA home inspection is a thorough evaluation of a property&#8217;s condition, typically conducted by a licensed inspector. The inspection covers important aspects of the home such as the structural integrity, electrical and plumbing systems, and overall safety.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_What_is_a_home_appraisal\"><\/span>2. What is a home appraisal?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nA home appraisal is an assessment of the property&#8217;s value conducted by a licensed appraiser. The appraiser considers factors such as the property&#8217;s location, condition, and comparable sales in the area to determine its fair market value.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_Why_is_it_important_to_have_a_home_inspection\"><\/span>3. Why is it important to have a home inspection?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nA home inspection is crucial for uncovering any hidden issues with the property that could impact its value or pose a safety hazard. Identifying these issues early on can help buyers make informed decisions and negotiate repairs or credits with the seller.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"4_How_long_does_a_home_inspection_take\"><\/span>4. How long does a home inspection take?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nThe duration of a home inspection can vary depending on the size and condition of the property. On average, a home inspection can take anywhere from 2 to 4 hours to complete.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"5_How_much_does_a_home_inspection_cost\"><\/span>5. 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 based on factors such as the size of the property and the complexity of the inspection. On average, a home inspection can cost between $300 to $500.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"6_What_happens_if_the_home_inspection_reveals_issues\"><\/span>6. What happens if the home inspection reveals issues?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nIf the home inspection uncovers issues with the property, buyers may choose to negotiate repairs or credits with the seller. In some cases, buyers may also decide to walk away from the deal if the issues are too significant.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"7_Why_is_a_home_appraisal_necessary\"><\/span>7. Why is a home appraisal necessary?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nA home appraisal is necessary to determine the fair market value of the property. Lenders require an appraisal to ensure that they are not lending more money than the property is worth.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"8_How_long_does_a_home_appraisal_take\"><\/span>8. How long does a home appraisal take?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nThe timeline for a home appraisal can vary depending on factors such as the property&#8217;s location and availability of comparable sales data. On average, a home appraisal can take anywhere from a few days to a week to complete.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"9_How_much_does_a_home_appraisal_cost\"><\/span>9. How much does a home appraisal cost?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nThe cost of a home appraisal can also vary depending on factors such as the location and size of the property. On average, a home appraisal can cost between $300 to $500.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"10_Who_pays_for_the_home_appraisal\"><\/span>10. 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. However, there are instances where the seller may agree to cover the cost of the appraisal.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"11_Can_a_home_appraisal_be_waived\"><\/span>11. Can a home appraisal be waived?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nWhile it is rare, there are some situations in which a home appraisal may be waived. This typically occurs in cash transactions or when the buyer is not obtaining a mortgage.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"12_Can_a_seller_request_their_own_appraisal\"><\/span>12. Can a seller request their own appraisal?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nYes, sellers can request their own appraisal to get an idea of their property&#8217;s market value before listing it for sale. This can help sellers price their home competitively and attract potential buyers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>When buying or selling a home, there are several steps in the process that need to be carefully navigated to ensure a smooth transaction. Two of these steps involve the inspection and appraisal of the property. While both are essential components of the home buying process, the question often arises: does inspection or appraisal come &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Does inspection or appraisal come first?\" class=\"read-more button\" href=\"https:\/\/namso-gen.co\/blog\/does-inspection-or-appraisal-come-first\/#more-209360\">Read more<span class=\"screen-reader-text\">Does inspection or appraisal 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-209360","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 inspection or appraisal come first?<\/title>\n<meta name=\"description\" content=\"When buying or selling a home, there are several steps in the process that need to be carefully navigated to ensure a smooth transaction. 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