Robert J. Middleton

Understanding the Home Inspection and Appraisal Processes

What is a Home Inspection?

What is a Home Appraisal?

Now that the seller has accepted your offer, you are officially ready to enter the “closing process” as the final details of the real estate transaction are executed. When all is said and done, you will be the proud new owner of the home. However, it is important to understand what to expect during the closing process. More specifically, we want to talk about home inspections and appraisals.

Understanding the Home Inspection and Appraisal Processes

In this article

What is a Home Inspection?

What is a Home Appraisal?

Now that the seller has accepted your offer, you are officially ready to enter the “closing process” as the final details of the real estate transaction are executed. When all is said and done, you will be the proud new owner of the home. However, it is important to understand what to expect during the closing process. More specifically, we want to talk about home inspections and appraisals.

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The home inspection (or sometimes multiple inspections) and the appraisal are the two most critical aspects of the closing process. With the exception of the buyer’s funding falling through, the inspection and appraisal are the biggest hurdles faced by both the buyer and seller before the sale can be closed.