What's the difference between an appraisal and an inspection?
Most home buyers get confused about the real difference between an appraisal and an inspection right when they're in the thick of the closing process. It's one of those things that sounds like it could be the same task, but in the world of real estate, they are two completely different beasts. One is there to tell you if the house is actually worth the price tag, while the other is there to tell you if the roof is about to cave in or if the water heater is on its last leg. ...