Buying a Knoxville TN home? Your appraiser is not a home inspector.
One commonly confused area of Knoxville & Farragut home purchases is the difference between an appraiser and a home inspector.
Each one has a very important job to do in the home buying (and selling) process but those jobs are distinctive and separate.
An appraiser is sent to the property by the lender to ensure that the purchase price is realistic and not out of line with recent sale prices of comparable homes. Lenders want to reach some sort of “comfort level” that if they have to foreclose on a property they can get most, if not all of their investment back.
A home inspector is typically hired by a home buyer to ensure the integrity of the structure and the mechanical systems. A home inspector will look for things like roof leaks from the attic, check electrical panels to make sure all is well there, check HVAC systems to make sure it’s in proper working order, and a long list of other things.
So if you’re buying a Knoxville area home you’ll need the services of both an appraiser and a home inspector to make sure you’re not only getting the home at the right price but to ensure the structural integrity and all the mechanical systems are in proper working order.
If you haven’t hired a Knoxville area Realtor to represent you in your new home purchase please consider this my application for the job.
In addition to 30 years of successful experience helping hundreds of families buy new Knoxville homes ,I have earned the Accredited Buyer Representative (ABR) designation to represent those buyers more effectively.
You can hear recorded testimonials from former clients on my website, KnoxvilleMLS.com and search all of the Knoxville area’s Realtor listings.