RE/MAX Premier Realty
13940 US Highway 441
Lady Lake, FL 32159
Phone: 352 406-1425
Phone: 353 406-0183
Fax: 352 347-4889
You have to have an FHA appraisal to get your FHA loan, you have a home inspection for your personal knowledge of the property you are buying.
Thank you for your question.
The inspection an appraiser will do is not as detailed as the home inspector. I will recommend to have a home inspector check the property. It is worth the money. You do not want to be stuck on a money pit.
Good luck on your purchase. Feel free to ask me any other questions.
Ines De La Cruz
Is there some reason your real estate agent couldn't answer this simple question??????
Joe Montenigro REMAX Home Team
Broker, GRI (856)374-2800 x106
Serving Gloucester Twp, Washington Twp & South Jersey Real Estate Markets
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Note- Email me directly for follow up questions or answers, I don't monitor this forum for replies.
Appraisals are Different from Home Inspections
A home inspection gives the buyer more detailed information about the overall condition of the home prior
to purchase. In a home inspection, a qualified inspector takes an in-depth, unbiased look at your potential
new home to:
Evaluate the physical condition: structure, construction, and mechanical systems;
Identify items that need to be repaired or replaced; and
Estimate the remaining useful life of the major systems, equipment, structure, and finishes.
An appraisal is different from a home inspection. Appraisals are for lenders; home inspections are for buyers.
An appraisal is required to:
Estimate the market value of a house;
Make sure that the house meets FHA minimum property standards/requirements; and
Make sure that the property is marketable.
FHA Does Not Guarantee the Value or Condition of your Potential New Home
If you find problems with your new home after closing, FHA can not give or lend you money for repairs,
and FHA can not buy the home back from you. That is why it is so important for you, the buyer, to get
an independent home inspection. Ask a qualified home inspector to inspect your potential new home
and give you the information you need to make a wise decision.
Taken from HUD-92564-CN (6/06)