Appraisals vs Inspections of a Home: Whats the Difference? [Video]


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What is the Appraisal Process?

The lender vets the prospective buyer’s ability to pay back a mortgage loan. While doing this, the lender ensures that the property is worth the loan amount.

So, the mortgage company sends a real estate appraiser to assess the value of the home.

The appraiser measures the size of the property and completes an  property analysis. This includes comparisons to similar properties in the area.

Also, appraisers judge the home’s integrity. This includes:

  • Structure
  • Craftsmanship
  • Home Repairs
  • Home Upgrades
  • General Upkeep

On the outside they want to make sure that everything is operable and well maintained. The appraiser isn’t concerned with the cosmetic view of the property.

They also make note of visible health and safety hazards. Examples include broken windows or loose banisters.

What Happens if the Appraisal is Undervalued?

The appraiser compiles this information into an appraisal report. Then, they send the report to the mortgage lender.

Based on the information provided, the lender extends the loan …



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In January, a controversial labor bill became law of the land in California. The legislation, known as AB5, took aim at the gig economy and two major players in the state — Uber and Lyft. Wedbush analyst Daniel Ives and Motus Chief Legal Officer Danielle Lackey discuss the impact of the legislation on the gig economy model.Investor’s Business Daily has been helping people invest smarter results by providing exclusive stock lists, investing data, stock market research, education and the latest financial and business news to help investors make more money in the stock market.Learn more. Get more IBD by subscribing to our channel.Like us on Facebook us on Twitter us on Instagram us on StockTwits