I agree with John and those others which say it should be done that way. I have advised my borrowers to do it that way for 14 years. One borrower on a $1 Million+ home was so sure it would pass inspection he insisted the $600 appraisal be done first. Oops. This gorgeous home had been constructed with faulty wiring and he canceled the deal.
That was back when we lenders were allowed to talk to our appraisers. The appraiser had not yet completed all the required back-office work, so she agreed to only charge him $300.
Yes, this slows down the process a bit, but I almost always am still able to close purchase deals on time.
Your real estate agent will advise you best on the sequence of inspections/appraisal.
Appraisal can be ordered after inspection has been completed, you just have see how your offer is structured.
If you prefer to possibly delay closing, then my advice is to submit the purchase agreement to your lender after you have completed the home inspection. This could easily add an additional week to the closing process but it can prevent an additional cost if the inspection fails.
West USA Realty
They can. Just ask your Realtor and your lender to set up this way when the time comes.
Call me with any questions.
Jeffrey Masich, Realtor, GRI, MBA
Arizona homes and land for purchase or sale
Let your Lender know up front that you do not want to have appraisal done until you have property Inspected! This may extend your Closing which in turn would need an Addendum to your contract.
If the property does not pass the inspection the repairs may be a negotiable item and the Seller may agree to all / part of repairs.
Your Realtor should be able to help you through this!
Have a GREAT day!
Prudential Arizona Properties