What's the difference between a home inspection and an appraisal in Woodbury?

They're often confused but serve completely different purposes. A home inspection is for you, the buyer, and evaluates the home's physical condition: its roof, structure, electrical, plumbing, heating, cooling, and dozens of other components, so you understand what you're buying and can negotiate repairs. An appraisal is ordered by your lender to confirm the home's market value supports the loan amount, protecting the bank, not you. An appraiser compares the home to recent sales of similar Woodbury properties and gives an opinion of value, with only a light look at condition and mainly major safety items. In Woodbury's competitive, higher-priced east-metro market, both matter: the appraisal ensures you're not overpaying for the loan's purposes, while the inspection protects you from inheriting expensive defects like a worn roof, a high radon level, or a moisture problem in a finished basement. Never rely on the appraisal to tell you the home's true condition. To get a real condition assessment, build a free instant quote online.