insights to help you weigh the pros and cons."
Inspections vs. Appraisals: Know the Difference It’s easy to confuse a home inspection with a home appraisal, but they serve different purposes: • A home inspection focuses on the property’s condition—uncovering potential problems and giving you a clear picture of what you’re buying. • A home appraisal determines the property’s market value, ensuring the lender doesn’t overextend on the loan. Both are essential, but only the inspection gives you the power to renegotiate or back out based on the home’s condition. Can Inspections Impact the Price? Yes, but don’t count on it as a guarantee. The inspection is primarily for uncovering major issues, not for haggling over small fixes. Sellers may agree to address critical problems or lower the price slightly, but don’t expect a total price overhaul. Final Thoughts A home inspection isn’t just a formality—it’s a vital step in protecting your investment. Choosing a trusted, independent inspector and staying involved in the process ensures you know exactly what you’re buying. Remember, buying a home is one of the biggest financial decisions you’ll ever make. A thorough inspection is your best defense against surprises down the road, helping you move into your new home with peace of mind and confidence.
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