{"id":209582,"date":"2024-10-01T06:25:46","date_gmt":"2024-10-01T06:25:46","guid":{"rendered":"https:\/\/namso-gen.co\/blog\/what-is-done-first-the-appraisal-or-inspection\/"},"modified":"2024-10-01T06:25:46","modified_gmt":"2024-10-01T06:25:46","slug":"what-is-done-first-the-appraisal-or-inspection","status":"publish","type":"post","link":"https:\/\/namso-gen.co\/blog\/what-is-done-first-the-appraisal-or-inspection\/","title":{"rendered":"What is done first; the appraisal or inspection?"},"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\/what-is-done-first-the-appraisal-or-inspection\/#What_is_done_first_the_appraisal_or_inspection\" title=\"What is done first; the appraisal or inspection?\">What is done first; the appraisal or inspection?<\/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\/what-is-done-first-the-appraisal-or-inspection\/#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\/what-is-done-first-the-appraisal-or-inspection\/#1_Can_I_skip_the_inspection_and_go_straight_to_the_appraisal\" title=\"1. Can I skip the inspection and go straight to the appraisal?\">1. Can I skip the inspection and go straight to the appraisal?<\/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\/what-is-done-first-the-appraisal-or-inspection\/#2_Who_pays_for_the_appraisal\" title=\"2. Who pays for the appraisal?\">2. Who pays for the 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\/what-is-done-first-the-appraisal-or-inspection\/#3_How_much_does_an_appraisal_cost\" title=\"3. How much does an appraisal cost?\">3. How much does an appraisal cost?<\/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\/what-is-done-first-the-appraisal-or-inspection\/#4_How_long_does_an_appraisal_take\" title=\"4. How long does an appraisal take?\">4. How long does an 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\/what-is-done-first-the-appraisal-or-inspection\/#5_What_happens_if_the_appraisal_comes_in_lower_than_the_purchase_price\" title=\"5. What happens if the appraisal comes in lower than the purchase price?\">5. What happens if the appraisal comes in lower than the purchase price?<\/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\/what-is-done-first-the-appraisal-or-inspection\/#6_Are_appraisals_required_for_all_home_sales\" title=\"6. Are appraisals required for all home sales?\">6. Are appraisals required for all home sales?<\/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\/what-is-done-first-the-appraisal-or-inspection\/#7_Can_I_use_the_appraisal_from_a_previous_sale\" title=\"7. Can I use the appraisal from a previous sale?\">7. Can I use the appraisal from a previous sale?<\/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\/what-is-done-first-the-appraisal-or-inspection\/#8_Are_appraisals_and_inspections_the_same_thing\" title=\"8. Are appraisals and inspections the same thing?\">8. Are appraisals and inspections the same thing?<\/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\/what-is-done-first-the-appraisal-or-inspection\/#9_Can_I_choose_my_own_appraiser\" title=\"9. Can I choose my own appraiser?\">9. Can I choose my own appraiser?<\/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\/what-is-done-first-the-appraisal-or-inspection\/#10_What_happens_if_the_inspection_reveals_major_issues\" title=\"10. What happens if the inspection reveals major issues?\">10. What happens if the inspection reveals major issues?<\/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\/what-is-done-first-the-appraisal-or-inspection\/#11_Do_I_need_to_be_present_for_the_inspection_or_appraisal\" title=\"11. Do I need to be present for the inspection or appraisal?\">11. Do I need to be present for the inspection or appraisal?<\/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\/what-is-done-first-the-appraisal-or-inspection\/#12_How_can_I_prepare_for_the_appraisal\" title=\"12. How can I prepare for the appraisal?\">12. How can I prepare for the appraisal?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_is_done_first_the_appraisal_or_inspection\"><\/span>What is done first; the appraisal or inspection?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>When buying or selling a home, it&#8217;s common to wonder which process should be done first &#8211; the appraisal or the inspection. In most cases, the inspection is done before the appraisal.<\/p>\n<p>Home inspections are typically requested by the buyer to assess the condition of the property and identify any potential issues that may need to be addressed. This helps the buyer make an informed decision about whether or not to move forward with the purchase.<\/p>\n<p>On the other hand, an appraisal is typically ordered by the lender to determine the fair market value of the property. The appraisal is important because it ensures that the lender is not lending more money than the home is actually worth.<\/p>\n<p>In most cases, the inspection is done first to identify any potential issues that could affect the value of the home. This allows the buyer to negotiate with the seller or potentially walk away from the deal if the inspection reveals significant problems.<\/p>\n<p>Once the inspection is complete and any necessary repairs have been made, the appraisal can be scheduled. The appraiser will assess the property based on factors such as its size, condition, location, and recent sales of comparable homes in the area.<\/p>\n<p>It&#8217;s important to note that while the inspection is typically done before the appraisal, both processes are important steps in the home buying process. The inspection helps ensure that the property is in good condition, while the appraisal helps ensure that the buyer is paying a fair price for the home.<\/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_inspection_and_go_straight_to_the_appraisal\"><\/span>1. Can I skip the inspection and go straight to the appraisal?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nIt&#8217;s not recommended to skip the inspection as it can uncover issues that may affect the value of the property.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_Who_pays_for_the_appraisal\"><\/span>2. Who pays for the appraisal?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nTypically, the buyer pays for the appraisal as part of the closing costs.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_How_much_does_an_appraisal_cost\"><\/span>3. How much does an appraisal cost?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nThe cost of an appraisal can vary depending on the size and location of the property, but it typically ranges from $300 to $500.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"4_How_long_does_an_appraisal_take\"><\/span>4. How long does an appraisal take?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nAn appraisal can take anywhere from a few days to a few weeks to complete, depending on the complexity of the property and the availability of the appraiser.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"5_What_happens_if_the_appraisal_comes_in_lower_than_the_purchase_price\"><\/span>5. What happens if the appraisal comes in lower than the purchase price?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nIf the appraisal comes in lower than the purchase price, the buyer may need to renegotiate with the seller or come up with the difference in cash.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"6_Are_appraisals_required_for_all_home_sales\"><\/span>6. Are appraisals required for all home sales?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nAppraisals are typically required for home sales that involve a mortgage lender, as the lender wants to ensure that the property is worth the amount they are lending.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"7_Can_I_use_the_appraisal_from_a_previous_sale\"><\/span>7. Can I use the appraisal from a previous sale?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nAppraisals are typically only valid for a certain period of time and may not be transferrable to a new sale.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"8_Are_appraisals_and_inspections_the_same_thing\"><\/span>8. Are appraisals and inspections the same thing?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nAppraisals and inspections serve different purposes &#8211; appraisals determine the value of the property, while inspections assess the condition of the property.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"9_Can_I_choose_my_own_appraiser\"><\/span>9. Can I choose my own appraiser?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nIn most cases, the lender will choose the appraiser to ensure an impartial assessment of the property&#8217;s value.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"10_What_happens_if_the_inspection_reveals_major_issues\"><\/span>10. What happens if the inspection reveals major issues?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nIf the inspection reveals major issues, the buyer may negotiate with the seller for repairs or credits, or they may choose to walk away from the deal.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"11_Do_I_need_to_be_present_for_the_inspection_or_appraisal\"><\/span>11. Do I need to be present for the inspection or appraisal?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nWhile it&#8217;s not required for the buyer to be present for the inspection or appraisal, it can be helpful to ask questions and learn more about the property.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"12_How_can_I_prepare_for_the_appraisal\"><\/span>12. How can I prepare for the appraisal?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nTo prepare for the appraisal, make sure the property is clean and well-maintained, and provide the appraiser with any relevant information about upgrades or improvements.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What is done first; the appraisal or inspection? When buying or selling a home, it&#8217;s common to wonder which process should be done first &#8211; the appraisal or the inspection. In most cases, the inspection is done before the appraisal. Home inspections are typically requested by the buyer to assess the condition of the property &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"What is done first; the appraisal or inspection?\" class=\"read-more button\" href=\"https:\/\/namso-gen.co\/blog\/what-is-done-first-the-appraisal-or-inspection\/#more-209582\">Read more<span class=\"screen-reader-text\">What is done first; the appraisal or inspection?<\/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-209582","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>What is done first; the appraisal or inspection?<\/title>\n<meta name=\"description\" content=\"What is done first; the appraisal or inspection? 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