FHA Appraisal VS. Home Inspection

An FHA appraisal is not a substitute for a professional home inspection . In fact, they have some key differences. A licensed appraiser approved by the Fair Housing Administration (FHA) performs FHA appraisals. The primary purpose of an appraisal is to establish the fair market value of a home so that the lender knows the home is worth at least the purchase price. An appraiser does not look at the home from top to bottom. They perform a general inspection only, with the main focus on the size of the home and the purchase price of comparable homes in the area that have sold within the prior six months. The secondary concern is the overall condition of the home in reference to very specific is

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