New Jersey Home Inspection Same as Appraisal?
Is a New Jersey home inspection the same thing as an appraisal? No. An appraisal determines the value of a home through a thoughtful process that includes evaluating recent home sales, looking at current property listings, and comparing what a home has to offer in relation to others in the area. A NJ home inspector will evaluate the condition of a home by using a checklist that covers all of the bases.
A home inspection contingency in a real estate contract covers a buyer in the case where big issues may exist. If a home inspection reveals a roof replacement is necessary, for example, a buyer could request the roof be replaced prior to closing or that funds be offered at closing for the buyer to get the replacement done. A NJ home inspection may reveal to a buyer whether a home is worth the appraised value in the case of severe issues but does not determine what fair market value is for a property.
Sherlock Home Inspectors can offers peace of mind to home buyers by offering thorough NJ home inspection services. Let our knowledge and experience help you understand the health of a home before you complete your purchase. We welcome the opportunity to share our checklist with you, serving as your guide to a New Jersey home inspection.
Sherlock Home Inspectors, your pre-purchase consultants. We have been serving New York and New Jersey since 1976. Let us inspect your home prior to selling to avoid any unnecessary surprises.