InspectaPRO
Services d'inspection résidentiels
Home inspection services

Call us anytime (514)-944-1977
outside Montreal 1-877-533-5302
email:
inspectapro@gmail.com

C 2004 InspectaPRO
website by InterCliK E-Business

Inspection vs. Appraisal

What is an inspection?
Pre-purchase inspection
The listing inspection
New home inspection
Most common defects
Inspection vs. appraisal
Inspector vs. engineer
Homebuyer checklist
Environmental issues
Pyrite
Order an inspection

Links

CMHC
SHQ
Energy savings

The Painted House


Do I need a house inspection when my bank is having the house appraised?

Yes! A house appraisal is an independent evaluation of the current market value of a
house or property. In general, the purpose of an appraisal is to set the current value
of a house so that a lender may determine how much it can loan to the buyer. The
appraiser looks at similar properties in the area and the prices at which they were
sold to set the value of the house.

A house inspector conducts a thorough evaluation of the house’s major
systems and structural integrity. Whereas the appraiser is typically working
for the bank
, the home inspector is working for you! The house inspector
identifies items that need replacement or repair prior to closing, which can save you
thousands of dollars.

Some mortgage lenders require buyers sign a “Consumer Notice” advising them to
get a house inspection in addition to a house appraisal before purchasing a house.